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PAKISTAN BAIT-UL-MAL

Press Release
21-10-2020

Pakistan Bait-ul-Mal (PBM) becomes partner with United Bank Limited in order to ensure transparency and convenience to its beneficiaries by introducing digital payments through Electronic Biometric Verification System

Pakistan Bait-ul-Mal (PBM) becomes partner with United Bank Limited in order to ensure transparency and convenience to its beneficiaries by introducing digital payments through Electronic Biometric Verification System in various ongoing social welfare missions throughout the country. Apropos it, a Memorandum of Understanding (MoU) got signed at PBM’s Head Office, Islamabad in the presence of Managing Director PBM, Aon Abbas Buppi, National Business Head UBL (Omni), Shahzad Shahid and other senior officers of the organizations. Expressing his gratification on the initiative, Managing Director said that PBM has achieved another milestone in devising effective delivery mechanism to facilitate vulnerable community of the country. “PBM has been taking every possible step to implement the Prime Minister’s humanitarian approach towards deprived persons of the country.” he added. He was of the view that Adopting technological innovations will lead us in improving our capabilities to help the deserving persons in efficient manner and it would also be helpful to meet the challenges ahead including increasing number of beneficiaries. While showing his gratitude, Managing Director PBM also predicted for more cooperation and team work with UBL to flourish the lives of poor people. National Business Head of UBL Shahzad Shahid, in his address, articulated his pleasure and honor to be part of national cause of poverty alleviation. He also offered his utmost technical support for further areas of social protection.