AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 132.66 Increased By ▲ 3.13 (2.42%)
BOP 6.89 Increased By ▲ 0.21 (3.14%)
CNERGY 4.57 Decreased By ▼ -0.06 (-1.3%)
DCL 8.92 Decreased By ▼ -0.02 (-0.22%)
DFML 42.75 Increased By ▲ 1.06 (2.54%)
DGKC 84.00 Increased By ▲ 0.23 (0.27%)
FCCL 32.90 Increased By ▲ 0.13 (0.4%)
FFBL 77.06 Increased By ▲ 1.59 (2.11%)
FFL 12.20 Increased By ▲ 0.73 (6.36%)
HUBC 110.01 Decreased By ▼ -0.54 (-0.49%)
HUMNL 14.40 Decreased By ▼ -0.16 (-1.1%)
KEL 5.53 Increased By ▲ 0.14 (2.6%)
KOSM 8.32 Decreased By ▼ -0.08 (-0.95%)
MLCF 39.67 Decreased By ▼ -0.12 (-0.3%)
NBP 65.50 Increased By ▲ 5.21 (8.64%)
OGDC 198.74 Decreased By ▼ -0.92 (-0.46%)
PAEL 26.00 Decreased By ▼ -0.65 (-2.44%)
PIBTL 7.62 Decreased By ▼ -0.04 (-0.52%)
PPL 159.00 Increased By ▲ 1.08 (0.68%)
PRL 26.24 Decreased By ▼ -0.49 (-1.83%)
PTC 18.35 Decreased By ▼ -0.11 (-0.6%)
SEARL 82.24 Decreased By ▼ -0.20 (-0.24%)
TELE 8.12 Decreased By ▼ -0.19 (-2.29%)
TOMCL 34.40 Decreased By ▼ -0.11 (-0.32%)
TPLP 8.98 Decreased By ▼ -0.08 (-0.88%)
TREET 16.88 Decreased By ▼ -0.59 (-3.38%)
TRG 59.49 Decreased By ▼ -1.83 (-2.98%)
UNITY 27.52 Increased By ▲ 0.09 (0.33%)
WTL 1.40 Increased By ▲ 0.02 (1.45%)
BR100 10,614 Increased By 206.9 (1.99%)
BR30 31,874 Increased By 160.5 (0.51%)
KSE100 98,966 Increased By 1637.5 (1.68%)
KSE30 30,792 Increased By 599.8 (1.99%)

KARACHI: Sindh Bank Limited and Sindh Enterprise Development Fund (SEDF) have entered into a pivotal institutional collaboration agreement, in a significant move to enhance economic growth and promote strategic alliances.

The event was attended by M. Anwaar Sheikh, President & CEO (A) – Sindh Bank; Khizar Pervaiz, CEO – SEDF, Syed Assad Ali, Senior Executive Vice President and Regional General Manager for Sindh and Balochistan – Sindh Bank; Faisal Mujeeb, CEO – Special Economic Zone Authority; and Kabool Muhammad Khatian, member – SEDF Board of Directors.

This strategic alliance is designed to harness the combined strength and expertise of Sindh Bank and SEDF. Sindh Bank has strong presence with 200 of its 330 Branches located strategically in all districts of the Sindh particularly in the agriculture based areas.

On the occasion, Anwaar Sheikh President & CEO (A) Sindh Bank, stated, “We are pleased to collaborate with SEDF for making bank financing affordable and viable for setting up small and medium businesses in Sindh including Agriculture and IT related SMEs which have been marked as priority sectors at Regulatory level.”

Khizar Pervaiz, CEO – SEDF, was also enthusiastic about the partnership, emphasizing that this agreement underscored their dedication to foster economic development in Sindh, by creating new opportunities and enhance sustainable growth of SMEs.

Copyright Business Recorder, 2024

Comments

Comments are closed.