Pakistan State Oil (PSO) and Allied Bank Ltd (ABL) have entered into an agreement to provide bulk online disbursement services to PSO's contractors, throughout the entire branch network of ABL. Beneficiaries will be able to avail a fully automated real-time solution for the settlement of their payments through ABL.
Speaking on the occasion of this landmark deal, ABL's Divisional Head of Financial Institutions & Cash Management, Rashid Maqsood Hamidi, said, "PSO has long been recognised for its bold and transformational business strategies. From ABL's perspective, we are looking forward to collaborating with PSO on a wide range of transactional banking initiatives going forward, and are pleased to offer full access to ABL's real time online network, which is by far the largest such network in Pakistan, consisting of 741 branches in 350 cities."-PR