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Archive for the ‘Press Releases’ Category

Easypaisa and PayFast collaborate to accelerate online payments in Pakistan

Tuesday, September 8, 2020

Pakistan’s leading digital payments app, Easypaisa has partnered with the fastest growing fintech, PayFast, in pursuit of disrupting digital payments. Easypaisa wallet users can now pay online using PayFast’s indigenous payment gateway.

Approved for Pilot Operations by State Bank of Pakistan (SBP), PayFast empowers multi instrument acceptance of Scheme Cards, Mobile Wallets and Bank Account Numbers. They address merchant pain points, through digital sign up, robust APIs & plugins, Fraud detection, PCI-DSS certified infrastructure and PayLinks, a digital billing and invoicing solution ideal for FB, merchants, freelancers, etc. to accept payment simply via a unique link.

Easypaisa is Pakistan’s first and largest branchless banking service with millions of customers using the Easypaisa App to carry out their financial transactions with range from fund transfers, bill payments, airtime topups as well as retail and online merchant payments. Any customer with a smartphone user can download the Easypaisa App and setup their wallet within seconds to start doing transactions. Easypaisa is also connected to the 1-Link switch for inter-bank fund transfers and customers can get an Easypaisa Debit Card which can be used for cash withdrawal at any ATM across Pakistan or for payments at any merchant accepting card payments.

Steps to pay via PayFast:

  1. Add an item to cart from one of the PayFast merchant partner’s ecommerce store.
  2. On the checkout page, select “PayFast”.
  3. Once redirected, go to the “Mobile Wallets” tab and select Easypaisa.
  4. Add your credentials (wallet number/email address).
  5. Authorize the payment through USSD prompt or easypaisa app.
  6. Once verified, order will be paid successfully.

Adnan Ali, CEO of PayFast, said in a statement, “Easypaisa is one of the most renowned payment apps in Pakistan, we believe this partnership will benefit greatly for the masses which are adopting to the changing paradigm of demand for online payments, post COVID-19. I believe that this partnership will help PayFast reach closer to its potential of becoming a universal payment gateway solution.”

  1. Mudassar Aqil, CEO Easypaisa / Telenor Microfinance Bank also commented on the development, “In the past few months, the importance of digital payments has come to light rather significantly. Businesses and individuals are gearing up to use such digital platforms to conduct convenient and seamless financial transactions. We at Easypaisa believe that collaboration and technology can collectively be used to magnify the impact that we can make. Through our partnership with PayFast, we have taken yet another step in redefining the way Pakistanis transact”.

For further information on PayFast or Easypaisa, you can visit their websites; apps.net.pk or easypaisa.com.pk

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Emirates to resume flights to Bangkok from 1 September

Tuesday, September 1, 2020

Emirates’ global network boosted to 78 destinations in September, including 15 cities in South East and East Asia

Emirates announces the resumption of passenger services to Bangkok with daily flights starting from 1 September.

The resumption of flights to Bangkok will expand Emirates’ current network to 78 cities in September, offering travellers in Europe, the Middle East, Africa and Asia Pacific convenient connections via Dubai to the popular Thai destination.

Flights between Dubai and Bangkok will be operated with an Emirates Boeing 777-300ER aircraft offering seats in First, Business and Economy class. Starting from 1 September, flight EK384 will depart Dubai daily at 01:50 and arrive in Bangkok at 11:30, while the return flight, EK385, will depart Bangkok at 03:25, and arrive in Dubai at 06:35, from 2 September.

Customers can book flights on emirates.com or via travel agents. Travellers arriving into Bangkok are subject to requirements set by the Thai authorities and certain restrictions are in place. Travellers are urged to check the latest information or visit www.emirates.com/travelrestrictions for details before booking.

In addition, First and Business Class customers can enjoy Emirates’ Chauffeur Drive service on departure from Bangkok, in Dubai, and relax in Emirates’ Lounge facility at Dubai International Airport, with health and safety measures in place.

Customers can stop over or travel to Dubai as the city has re-opened for international business and leisure visitors. Ensuring the safety of travellers, visitors, and the community, COVID-19 PCR tests are mandatory for all inbound and transit passengers arriving to Dubai (and the UAE), including UAE citizens, residents and tourists, irrespective of the country they are coming from.

Destination Dubai: From sun-soaked beaches and heritage activities to world class hospitality and leisure facilities, Dubai is one of the most popular global destinations. In 2019, the city welcomed 16.7 million visitors and hosted over hundreds of global meetings and exhibitions, as well as sports and entertainment events. Dubai was one of the world’s first cities to obtain Safe Travels stamp from the World Travel and Tourism Council (WTTC) – which endorses Dubai’s comprehensive and effective measures to ensure guest health and safety.

Flexibility and assurance: Emirates’ booking policies offer customers flexibility and confidence to plan their travel. Customers who purchase an Emirates ticket by 30 September 2020 for travel on or before 30 November 2020, can enjoy generous rebooking terms and options, if they have to change their travel plans due to unexpected flight or travel restrictions relating to COVID-19, or when they book a Flex or Flex plus fare. More information here.

Free, global cover for COVID-19 related costs: Customers can now travel with confidence, as Emirates has committed to cover COVID-19 related medical expenses, free of cost, should they be diagnosed with COVID-19 during their travel while they are away from home. This cover is immediately effective for customers flying on Emirates until 31 October 2020 (first flight to be completed on or before 31 October 2020), and is valid for 31 days from the moment they fly the first sector of their journey. This means Emirates customers can continue to benefit from the added assurance of this cover, even if they travel onwards to another city after arriving at their Emirates destination. For more details: www.emirates.com/COVID19assistance

Health and safety: Emirates has implemented a comprehensive set of measures at every step of the customer journey to ensure the safety of its customers and employees on the ground and in the air, including the distribution of complimentary hygiene kits containing masks, gloves, hand sanitiser and antibacterial wipes to all customers. For more information on these measures and the services available on each flight, visit: www.emirates.com/yoursafety.

Tourist entry requirements: For more information on entry requirements for international visitors to Dubai visit: www.emirates.com/flytoDubai.

Dubai residents can check the latest travel requirements at: www.emirates.com/returntoDubai.

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Emirates SkyCargo takes the taste of Pakistani mangoes across the world this season

Tuesday, September 1, 2020

Emirates SkyCargo, the freight division of Emirates airline, has transported over 10 million mangoes from Pakistan this season to destinations around the world.

Pakistan is regarded as one of the most important producing markets in the world for mangoes of quality. Mango, also considered the ‘king’ of fruits, is a specialty export product and makes a major contribution to the overall economy of the country.

Despite challenges faced due to COVID-19 during the export season, Emirates SkyCargo continued to link local Pakistani businesses and traders to buyers all around the world.

Pakistani mangoes are popular in North America and Europe, with large quantities of the fruit transported to these regions every year. The main markets where Emirates SkyCargo transported mangoes from Pakistan this season included the UK, US, Canada, Australia, France, Singapore, Malaysia and the UAE.

“Pakistan is a major mango producer and we are pleased to offer our cargo services to Pakistani exporters even during these difficult times,” said Faisal Yaqoob, Emirates’ Cargo Manager, Pakistan. “Ensuring the highest levels of safety and expertise – Emirates SkyCargo continues to leverage its extensive network and innovative equipment to ensure mangoes and other produce retain freshness and are safely delivered to more than 110 cities around the world from Pakistan. We are glad to make an important contribution to the export industry of Pakistan as well as the country’s overall economy.”

Emirates SkyCargo offers cargo connectivity through weekly flights to and from five cities in Pakistan including Karachi, Lahore, Islamabad, Peshawar and Sialkot. With its combination of flexible capacity options ranging from full freighters to bellyhold and cabin loading of cargo on Emirates’ Boeing 777-300ER passenger aircraft, along with an extensive network and robust flight frequencies across major global trade lanes, Emirates SkyCargo ensures some of the fastest travel times for cargo.

In addition to mangoes, Emirates SkyCargo also supports Pakistani exports of meat, fish, vegetables and other perishables to markets in the Middle East and Europe. Into Pakistan, the air cargo operator has also been busy assisting customers in Pakistan fly in essential medical supplies such as pharmaceuticals, medical equipment, face masks, and lab test kits.

For more information on flight schedules, visit https://www.skycargo.com/services-alerts/

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IPG GROUP PARTNERS WITH GALLE GLADIATORS FOR LPL 2020

Friday, September 4, 2020

IPG Group is a partnering franchisee with Galle Gladiators for LPL 2020. The first team to be sold for LPL 2020 is Galle Gladiators, which has been purchased by Mr. Nadeem Omar from Omar Sports and also the owner of Quetta Gladiators (PSL), one of the most successful teams of PSL.

 

Mr Nadeem Omar, Director and Owner of Omar Associates supports thousands of Pakistan cricketers of all ages, some directly as players and employees, many more through a range of grassroots activities.  Omar Associates maintains seven or eight teams, including under-16s and under-19s, veterans and a women’s team which in 2015 won the Benazir Cup, the only women’s trophy in Pakistan.

IPG Group specialises in Sports Broadcasting and has produced over 5000 hours of world class sports programming. IPG Group has worked closely with Cricket South Africa, Pakistan Cricket Board, Sri Lankan Cricket Board, Zimbabwe Cricket, Cricket Ireland, Asian Cricket Council, Caribbean Premier League and Afghanistan Cricket Board amongst others.

IPG Group’s Managing Partner & CEO, Jawad Ghulam Rasool is best known for spear-heading the T10 League, UAE into its first season as the CEO, he later moved on to take over as the CEO of the PAKTOON TEAM and then the CEO of THE SINDHI TEAM in season 2.

“We at IPG Group believe in our vision of creating a world class league with LPL” mentioned Jawad Ghulam Rasool. “With the global pandemic, we take this as an opportunity to bring back the spirit of sports to cricket fans all over the world.” Rasool added.

IPG Group has the requisite experience of working with leading cricket leagues and boards and shares an excellent relationship with SLC.

With IPG Group being the Official Rights Holder of LPL 2020, the tender rights include the following –

  1. Team Franchise / Team Ownership Rights
  2. International Media Rights
  3. Ground Sponsorship Rights
  4. AV Production Rights

International league franchise owners along with more than 100 international cricket players have expressed a keen interest towards the upcoming LPL.  SLC and IPG Group will work closely to bring in a world class sporting experience for the fans of cricket in Sri Lanka and worldwide, featuring the biggest names in the cricketing world.

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Emirates and flydubai reactivate partnership offering seamless travel to over 100 unique destinations through Dubai

Friday, September 4, 2020

Emirates and flydubai have announced that customers of both airlines can once again access a wider range of travel options around the world, connecting seamlessly and safely through Dubai.

Following the progressive resumption of passenger flights to global destinations, the two Dubai-based airlines have revived their successful and strategic partnership to offer customers increased connectivity, convenience and travel flexibility. Emirates customers can now travel on codeshare flights to over 30 destinations on flydubai, while flydubai customers have over 70 destinations they can travel to on Emirates. Some of the favourite flydubai destinations for Emirates passengers include: Belgrade, Bucharest, Kyiv, Sofia and Zanzibar.

Commenting on the renewal of the partnership, Adnan Kazim, Emirates’ Chief Commercial Officer said: “We are delighted to announce that our customers can once again take advantage of the complementary strengths of Emirates and flydubai to access an enhanced network of cities on a single ticket and integrated loyalty programme, enjoy a safe, smooth and stress-free transfer experience through Dubai and have their baggage checked through to their final destination.

“The partnership has crossed a number of successful milestones since its inception in 2017 and over the coming months, Emirates and flydubai will be working together to re-open even more of the world for our customers,” added Kazim.

Hamad Obaidalla, Chief Commercial Officer at flydubai said: “We are confident that the demand for travel will continue to increase as more countries gradually start to lift restrictions on international travel. flydubai has restarted operations to 32 points around the network since June and we expect the number to steadily grow over the next few months. Dubai has put strong health and safety protocols in place which has encouraged well informed passengers to travel, whether for business, leisure or to reunite with their loved ones.

“We remain agile in our approach to maximise the utilisation of our fleet by supporting government efforts to operate repatriation flights and increasing cargo-only operations. Our partnership with Emirates will continue to facilitate a more seamless flow of passengers and cargo across our combined networks in the recovery phase,” commented Obaidalla.

Emirates and flydubai will offer travel experiences reflecting their individual brands while keeping the health and safety of customers and employees on the ground and in air as their top priority. The two airlines have each implemented extensive safety measures to combat COVID-19 at every step of the customer’s journey including enhanced sanitisation of all touchpoints and advanced HEPA filters fitted in aircraft cabins to eliminate dust, allergens and germs from the cabin air.

 

Customers transiting through Dubai go through thermal screening at the airport. Transfer desks at Dubai airport have been fitted with protective anti-microbial screens and airport staff dressed in personal protective equipment (PPE) are available to provide additional assistance. Several of flydubai’s flights to destinations in Africa, Central Asia and Europe operate from Terminal 3 of Dubai International Airport, facilitating seamless connections to passengers travelling on Emirates’ flights to and from Dubai.

COVID-19 PCR tests are mandatory for all inbound and transit customers to Dubai further assuring a safe transfer experience through the airport for customers of Emirates and flydubai.

Customers boarding Emirates flights will also be provided with a complimentary hygiene kit containing masks, gloves, hand sanitiser and anti-bacterial wipes.

For more information on safety measures, visit

Emirates: www.emirates.com/yoursafety

flydubai: www.flydubai.com/en/plan/covid-19

Customers booking with Emirates can also travel with confidence as the airline has committed to cover COVID-19 related medical expenses, free of cost, should they be diagnosed with COVID-19 during their travel while they are away from home. This also includes travel on any codeshare flights with flydubai on an Emirates ticket. For more details: www.emirates.com/COVID19assistance

The partnership between Emirates and flydubai first came into effect in October 2017 and received a tremendous positive response from customers who were able to benefit from the increased connectivity and greater choice along with a smooth transfer experience in Dubai. Over 5 million passengers took advantage of the un-matched city-pair connections offered during the first two years of the partnership.

In August 2018, flydubai adopted Emirates Skywards as its loyalty programme, allowing customers to earn more Skywards Miles and Tier Miles, reach their rewards faster and enjoy more privileges as they move through membership tiers.

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Emirates resumes flights to Bangkok

Tuesday, September 8, 2020

Emirates’ global network boosted to 78 destinations in September, including 15 cities in South East and East Asia

Emirates has resumed passenger services to Bangkok with daily flights.

The resumption of flights to Bangkok has expanded Emirates’ current network to 78 cities, offering travellers in Europe, the Middle East, Africa and Asia Pacific convenient connections via Dubai to the popular Thai destination.

Flights between Dubai and Bangkok are operated with an Emirates Boeing 777-300ER aircraft offering seats in First, Business and Economy class. Flight EK384 departs Dubai daily at 01:50 and arrives in Bangkok at 11:30, while the return flight, EK385, departs Bangkok at 03:25, and arrives in Dubai at 06:35.

Customers can book flights on emirates.com or via travel agents. Travellers arriving into Bangkok are subject to requirements set by the Thai authorities and certain restrictions are in place. Travellers are urged to check the latest information or visit www.emirates.com/travelrestrictions for details before booking.

In addition, First and Business Class customers can enjoy Emirates’ Chauffeur Drive service on departure from Bangkok, in Dubai, and relax in Emirates’ Lounge facility at Dubai International Airport, with health and safety measures in place.

Customers can stop over or travel to Dubai as the city has re-opened for international business and leisure visitors. Ensuring the safety of travellers, visitors, and the community, COVID-19 PCR tests are mandatory for all inbound and transit passengers arriving to Dubai (and the UAE), including UAE citizens, residents and tourists, irrespective of the country they are coming from.

Destination Dubai: From sun-soaked beaches and heritage activities to world class hospitality and leisure facilities, Dubai is one of the most popular global destinations. In 2019, the city welcomed 16.7 million visitors and hosted over hundreds of global meetings and exhibitions, as well as sports and entertainment events. Dubai was one of the world’s first cities to obtain Safe Travels stamp from the World Travel and Tourism Council (WTTC) – which endorses Dubai’s comprehensive and effective measures to ensure guest health and safety.

Flexibility and assurance: Emirates’ booking policies offer customers flexibility and confidence to plan their travel. Customers who purchase an Emirates ticket by 31 August 2020 for travel on or before 30 November 2020, can enjoy generous rebooking terms and options, if they have to change their travel plans due to unexpected flight or travel restrictions relating to COVID-19, or when they book a Flex or Flex plus fare. More information here.

Free, global cover for COVID-19 related costs: Customers can now travel with confidence, as Emirates has committed to cover COVID-19 related medical expenses, free of cost, should they be diagnosed with COVID-19 during their travel while they are away from home. This cover is immediately effective for customers flying on Emirates until 31 October 2020 (first flight to be completed on or before 31 October 2020), and is valid for 31 days from the moment they fly the first sector of their journey. This means Emirates customers can continue to benefit from the added assurance of this cover, even if they travel onwards to another city after arriving at their Emirates destination. For more details: www.emirates.com/COVID19assistance.

Health and safety: Emirates has implemented a comprehensive set of measures at every step of the customer journey to ensure the safety of its customers and employees on the ground and in the air, including the distribution of complimentary hygiene kits containing masks, gloves, hand sanitiser and antibacterial wipes to all customers. For more information on these measures and the services available on each flight, visit: www.emirates.com/yoursafety.

Tourist entry requirements: For more information on entry requirements for international visitors to Dubai visit: www.emirates.com/flytoDubai.

Dubai residents can check the latest travel requirements at: www.emirates.com/returntoDubai.

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Emirates returns AED 5 billion (US$ 1.4 billion) to customers in refunds

Wednesday, September 9, 2020

  • Airline makes solid progress on customer promise with 90% of refunds backlog cleared
  • Empowers trade partners to accelerate refund processing

Emirates reveals that it has returned over AED 5 billion (US$ 1.4 billion) in COVID-19 related travel refunds to date, making strong and steady progress on its commitment to customers to complete pending refunds.

More than 1.4 million refunds requests have been completed since March, representing 90% of the airline’s backlog. This includes all requests received from customers around the world up until the end of June, save for a few cases which require further manual review.

 

Since the pandemic hit, Emirates has invested additional resources to ramp up its processing capability. The airline also continues to work with industry partners to facilitate refunds for those who have booked their Emirates flights through travel agents, this includes enabling direct refunds processing via global booking systems (GDS).

Sir Tim Clark, President Emirates Airline said: “We understand that from our customers’ standpoint, each pending refund request is one too many. We are committed to honouring refunds and are trying our utmost to clear the massive and unprecedented backlog that was caused by the pandemic. Most cases are straightforward, and these we will process quickly. But there are cases which will take a bit more time for our customer teams to manually review and complete. We are grateful to our customers for their patience and understanding.”

As global travel markets slowly re-open, Emirates has gradually restarted its passenger operations around the world, always ensuring that it provides customers with a safe and smooth travel experience.

The airline has introduced a series of industry-leading initiatives to provide customers with additional reassurance and confidence when they travel – from bio-safety measures at every step of their journey, to free COVID-19 medical cover, and flexible booking policies.

Emirates currently offers flights to over 80 cities. Customers can stop over or travel to Dubai as the city has re-opened for international business and leisure visitors. Ensuring the safety of travellers, visitors, and the community, COVID-19 PCR tests are mandatory for all inbound and transit passengers arriving to Dubai (and the UAE), including UAE citizens, residents and tourists, irrespective of the country they are coming from.

Destination Dubai: From sun-soaked beaches and heritage activities to world class hospitality and leisure facilities, Dubai is one of the most popular global destinations. In 2019, the city welcomed 16.7 million visitors and hosted over hundreds of global meetings and exhibitions, as well as sports and entertainment events. Dubai was one of the world’s first cities to obtain the Safe Travels stamp from the World Travel and Tourism Council (WTTC) – which endorses Dubai’s comprehensive and effective measures to ensure guest health and safety.

Flexibility and assurance: Emirates’ booking policies offer customers flexibility and confidence to plan their travel. Customers who purchase an Emirates ticket by 30 September 2020 for travel on or before 30 November 2020, can enjoy generous rebooking terms and options, if they have to change their travel plans due to unexpected flight or travel restrictions relating to COVID-19, or when they book a Flex or Flex plus fare. More information here

Free, global cover for COVID-19 related costs: Customers can now travel with confidence, as Emirates has committed to cover COVID-19 related medical expenses, free of cost, should they be diagnosed with COVID-19 during their travel while they are away from home. This cover is immediately effective for customers flying on Emirates until 31 October 2020 (first flight to be completed on or before 31 October 2020), and is valid for 31 days from the moment they fly the first sector of their journey. This means Emirates customers can continue to benefit from the added assurance of this cover, even if they travel onwards to another city after arriving at their Emirates destination. For more details: www.emirates.com/COVID19assistance.

Health and safety: Emirates has implemented a comprehensive set of measures at every step of the customer journey to ensure the safety of its customers and employees on the ground and in the air, including the distribution of complimentary hygiene kits containing masks, gloves, hand sanitiser and antibacterial wipes to all customers. For more information on these measures and the services available on each flight, visit: www.emirates.com/yoursafety.

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Tanveer Awan appointed CEO of Dhabi Group of Companies

Friday, September 11, 2020

Dhabi Group of Companies is pleased to announce the appointment of Tanveer Awan as its Chief Executive Officer.

Mr. Awan, former Managing Director with Alvarez & Marsal, brings 15+ years of experience focused on turnarounds and transformations. Mr. Awan has successfully transformed multiple businesses by improving their financial, commercial, and operational performance. Prior to joining Dhabi Group, Mr. Awan worked with Alvarez & Marsal, Bain & Company and Schlumberger in GCC and Europe.

Mr. Awan earned a master’s degree in engineering (sivilingeniør) from Norwegian University of Science and Technology in Trondheim Norway, and an MBA from IMD in Lausanne Switzerland.

Ms. Dominique Russo will be departing to address family health issues requiring extensive travel. However, she will continue to assist the Group in ensuring a successful transition. Speaking on the changeover, she commented, “I welcome Tanveer to the group and am confident that his skillset as well as leadership experience will be of tremendous value to Dhabi.”

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PPAF and University of Malakand join hands to empower youth

Saturday, September 12, 2020

A Memorandum of Understanding was signed between Pakistan Poverty Alleviation Fund and University of Malakand on Thursday to support university students in their endeavors to accelerate socio economic development in their respective areas. The partnership focuses at involving and encouraging the local youth to further strengthen prospects of integrated development by working on innovative themes primarily in the areas where PPAF is implementing the Program for Poverty Reduction funded by the Italian Government through the Italian Agency for Development Cooperation (AICS).

Under the MoU signed PPAF will link university students to a youth engagement communication initiative for sustainable community self-development through a Pakistani-Italian liaison wherein universities will be fostered by an Italian University (managed by PPAF) to liaise with other Italian academia.

Speaking on this occasion, CEO PPAF, Qazi Azmat Isa said, “The youth of Pakistan has immense potential, they have a drive to bring about a positive change and we want to leverage this passion by providing them the right platforms. I am confident that students of Malakand University will greatly benefit from the partnership and will get to learn about innovative methods to address various socio-economic needs of vulnerable communities.”

Vice Chancellor Malakand University, Prof. Dr. Gul Zaman appreciated the initiative of PPAF and assured full cooperation to achieve the objective. He said, “We already working through involvement of youth in some similar interventions and this mutual cooperation will further strengthen the efforts and will help youngsters to discover new ways by which they can bring about a positive change in their areas.”

A similar MoU has already been signed with Lasbela University of Agriculture, Water and Marine Sciences (LUAWMS) and University of Turbat (Balochistan) , while the signing of MoU with University of Chitral and University of Swat will take place in the next few weeks.

The Program for Poverty Reduction is being implemented by PPAF through its partner organizations in 38 union councils of 14 districts in Balochistan and Khyber Pakhtunkhwa. PPAF now aims to work in collaboration with different universities and educational institutes to promote self-development in youth and encourage them to explore socio economic needs of their areas.

As part of these MoUs, an Italian University will set up Pakistani-Italian Inter-University Associations with the support of AICS and PPAF to  link the Italian and Pakistani academic institutions focused on the disciplines like ICT, rural development and olive crop, sustainable tourism and cultural heritage, environment, health and nutrition.

Pakistani universities will select local students- “youth communicators for development” who will receive trainings from the Italian academia in their area of interest, the students will also get an opportunity to take up projects during which they will work with the local communities to share their learning and unleash potential of the local communities for creating and promoting an environment for sustainable social and economic development.

The collaboration will allow all stakeholders an opportunity to research and conduct workshops related to topics of mutual interest.

The PPAF’s Programme for Poverty Reduction is contributing towards creation of sustainable conditions of social and economic development through integrated development approach. The program has helped improve health and education services in the targeted areas through implementation of innovative interventions.

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Bank Alfalah Islamic wins two prestigious awards at the 10th Annual Global Islamic Finance Awards (GIFA)

Tuesday, September 22, 2020

In recognition of its outstanding performance and leadership in Pakistan, Bank Alfalah Islamic received the ‘Most Innovative Islamic Banking Window 2020’ and ‘Best Islamic Savings Product 2020’ awards at the prestigious Global Islamic Finance Awards (GIFA). The awards ceremony was held on September 14 at Marriot Hotel, Islamabad. President of Pakistan, Dr. Arif Alvi graced the occasion as the chief guest, whereas other attendees included Governor State Bank of Pakistan Mr. Reza Baqir, senior ministers, senior officials of State Bank, ambassadors & diplomats of all Islamic countries, local and international leading players, and other stakeholders of the industry.

Bank Alfalah Islamic was recognised for its continued efforts to serve customers in new and better ways, such as through the successful launch of its Premier proposition and its unique deposit facility of Alfalah Islamic Recurring Value Deposit. This year the Bank also introduced a Shariah compliant Islamic App Journey for its customers.

The Bank’s Alfalah Islamic Recurring Value Deposit, which won under the category of ‘Best Islamic Savings Product 2020’, has served as an outstanding star to Bank’s Deposit Portfolio. This is a one-of-its-kind savings proposition in the industry, which lets customers save in instalments and provides them with increasing Halal Returns.

Mr. Atif Bajwa, CEO and President, Bank Alfalah, said “At Bank Alfalah, we pride ourselves on keeping our customers and their financial needs as our key priority. We continue to find new and innovative ways of providing our customers a seamless banking experience with value added Islamic products while remaining fully compliant with Shariah principles. We are grateful to the GIFA Panel for awarding us as the Most Innovative Islamic Bank and the Bank with Best Islamic Products and Services. We hope to carry this momentum to reach newer and bigger milestones in the future and pave the way forward!”

Commenting on Bank Alfalah Islamic’s awards at the GIFA, Dr. Muhammad Imran, Group head, Bank Alfalah Islamic Banking Group, stated “At Bank Alfalah, we see tremendous potential for growth in the area of Islamic Banking, and we are actively working towards providing our customers with innovative products, which can give them greater convenience. We seek to be pioneers in meeting the evolving needs of our customers with the latest digital solutions and exceptional customer service so that they can bank with us securely and with peace of mind. GIFA’s acknowledgement is a further testament to the trust that our customers place in Bank Alfalah Islamic.”

The Global Islamic Finance Awards (GIFA) is one of the most prestigious and recognized global award programs in the field of Islamic Banking and Finance, which recognizes governments, institutions and individuals from across the world who have made a significant mark in Islamic Banking and Finance, in the past one year. The awards completed a decade in 2020.

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