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Dubai Islamic Bank Pakistan (DIBP) and Federal Board of Intermediate and Secondary Education (FBISE) has signed a Memorandum of Understanding (MoU) for the exclusive use of Payment System for their cash management needs.
This joint initiative is aimed at encouraging the progression of paperless processing, cashless transactions and promotion of the payment system's experience amongst government organizations. With the use of DIBP Cash Management solution, FBISE can now issue Pay Orders, Co-Branded Cheques and Online Funds Transfers with ease and convenience.
Signing ceremony was held at Federal Board of Intermediate & Secondary Education Head Office, Islamabad in the presence of senior officials from both organizations including Junaid Ahmed, CEO DIBP, Dr Ikram A Malik, Chairman FBISE, Muhammad Sarwar, Secretary FBISE, Waseem Khursheed, Deputy Secretary Finance FBISE, and Muhammad Jawad Shami, Head Cash Management DIBP.
Speaking on the occasion the DIBP CEO Junaid Ahmed expressed pleasure on having FBISE as their valued client and vowed to facilitate the Board with implementation of Cash Management solution. He said their aim is to facilitate FBISEs network of more than 1,500 schools and colleges across Pakistan. The FBISE chairman said that Federal Board is striving hard to facilitate the students and institutes. He said Cash Management Solution shall be a way forward to facilitate teachers engaged for various duties and other stakeholders for timely and quick payments.-PR

Copyright Business Recorder, 2018

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