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