HBL signs agreement with Punjab Skills Development Fund

Karachi, June 01, 2015: Habib Bank Limited (HBL) and the Punjab Skills Development Fund (PSDF) have recently signed an agreement for a stipend disbursement project worth PKR. 444 Million. The objective of this project isto facilitate PSDF eligible trainees by using HBL’s branchless banking network HBLExpress that gives them a secure and convenient way of transferring money anywhere in Pakistan.


The signing ceremony was held at the HBL Regional Head Office where the agreement was inked by the Chief Executive Officer (CEO) of PSDF, Mr. Ali Sarfraz and the Head of Payment Services Group HBL, Mr. Faiq Sadiq. This initiative is a part of GBP 50 Million training fund setup, with the objective of financing 135,000 individuals by stimulating a market for training services sponsored by DIFD UK.

Mr. Ali Sarfraz shared PSDF’s vision on the upcoming skill development projects and the roadmap in place for empowering the underprivileged youth of Punjab.

On behalf of HBL, Mr. Faiq Sadiq emphasized the need for innovative solutions and emerging technologies to cater to such critical needs of financial inclusion for the unbanked segments of society. Key senior representatives from both HBL and PSDF were also present at the event.