AGL 40.03 Increased By ▲ 0.02 (0.05%)
AIRLINK 129.31 Increased By ▲ 2.31 (1.82%)
BOP 6.80 Increased By ▲ 0.11 (1.64%)
CNERGY 4.64 Increased By ▲ 0.13 (2.88%)
DCL 8.63 Decreased By ▼ -0.01 (-0.12%)
DFML 40.95 Decreased By ▼ -0.09 (-0.22%)
DGKC 85.74 Increased By ▲ 0.13 (0.15%)
FCCL 33.00 Decreased By ▼ -0.11 (-0.33%)
FFBL 66.53 Increased By ▲ 0.43 (0.65%)
FFL 11.46 Decreased By ▼ -0.09 (-0.78%)
HUBC 110.58 Decreased By ▼ -0.53 (-0.48%)
HUMNL 14.63 Decreased By ▼ -0.19 (-1.28%)
KEL 5.24 Increased By ▲ 0.07 (1.35%)
KOSM 8.11 Increased By ▲ 0.45 (5.87%)
MLCF 40.07 Decreased By ▼ -0.14 (-0.35%)
NBP 60.51 No Change ▼ 0.00 (0%)
OGDC 195.47 Increased By ▲ 1.37 (0.71%)
PAEL 27.10 Increased By ▲ 0.38 (1.42%)
PIBTL 7.64 Increased By ▲ 0.27 (3.66%)
PPL 155.82 Increased By ▲ 2.03 (1.32%)
PRL 27.37 Increased By ▲ 1.16 (4.43%)
PTC 18.56 Increased By ▲ 1.38 (8.03%)
SEARL 85.10 Decreased By ▼ -0.50 (-0.58%)
TELE 7.90 Increased By ▲ 0.33 (4.36%)
TOMCL 34.88 Increased By ▲ 0.49 (1.42%)
TPLP 9.22 Increased By ▲ 0.40 (4.54%)
TREET 16.81 Decreased By ▼ -0.01 (-0.06%)
TRG 62.86 Increased By ▲ 0.31 (0.5%)
UNITY 27.75 Increased By ▲ 0.46 (1.69%)
WTL 1.30 No Change ▼ 0.00 (0%)
BR100 10,184 Increased By 72.7 (0.72%)
BR30 31,403 Increased By 215 (0.69%)
KSE100 95,857 Increased By 861 (0.91%)
KSE30 29,683 Increased By 201.6 (0.68%)

To provide relief to the communities affected by the recent floods in Pakistan, MCB Bank Limited and their Malaysian shareholders, Maybank (Malayan Banking Berhad) have taken major initiatives. Maybank, having 20 percent stake in MCB Bank, has launched a fund raising campaign in Malaysia.
The proceeds from "Maybank Pakistan Relief Fund" will be forwarded to MCB Bank, which would disburse the contributions to the needy people of Pakistan. Maybank has also encouraged its staff to contribute voluntarily for this worthy cause and to lend a hand to the victims of the disaster in their times of critical need. This is a first initiative of a foreign bank to launch a "Pakistan Flood Relief Campaign" in its home country.
The board of MCB Bank has also approved a contribution of Rs 30 million for relief efforts. To improve the conditions of the effected families, Rs 12.5 million have already been donated, where as Rs 17.5 million would be distributed in the next few days.
MCB employees are also actively participating in these relief efforts. MCB employee's contribution fund account has been opened and contributions are pouring in. Some of MCB's staff members, on their own initiative are visiting affected areas of Muzzafargarh & Nowshera to distribute relief goods and are providing voluntary services to the effectees.
In addition to monetary aid, MCB is also facilitating a number of leading NGOs for relief efforts, including Abdul Sattar Edhi Foundation, Imran Khan Flood Relief Programme, Shaukat Khanum Cancer Hospital & Research Centre, Al-khidmat Foundation, Aurat Foundation, Rural Support Program Network (RSPN), Alamgir Trust, Mir Khalil-ur-Rehman Foundation etc.
In continuation to the above, MCB has also initiated customer awareness campaigns regarding Aid Collecting Agencies' account at MCB branches; has provided alternative channels for fund raising via Mobile, internet, call centre etc; is providing facilitation to donors/customers at branch counters; is in close liaison with various NGO for relief efforts. Other initiatives for live stock and rehabilitation are under consideration.-PR

Copyright Business Recorder, 2010

Comments

Comments are closed.