During the Global Good Governance – 3G Awards held on May 25, 2021 U Microfinance Bank Ltd was awarded The 3G Creativity and Innovation Award and U Bank President & CEO Mr Kabeer Naqvi won The 3G Best Emerging Leader in Corporate Sector Award. The Global Good Governance Awards are held annually to celebrate and acknowledge individuals, institutions and organizations around the world for their impact driven work carried out with social responsibility and good governance.
Establishing itself as a pioneer within the industry; U Bank is the largest microfinance bank in terms of our network of 201 branches and 200 ATMs across 183 rural areas and cities in the country, providing a wide range of microfinance loans, digital & branchless banking solutions and deposit products. Moreover, U Bank in collaboration with Ufone under the name of U Paisa offers branchless banking services in over 45,000 designated agent locations all across Pakistan. This channel offers ease and convenience to customers in utilizing banking services.
The 3G Creativity and Innovation Award 2021 is a testament to U Bank’s efforts to invest in technology, as well as championing innovation and creativity in its operations and processes.
The 3G Best Emerging Leader in Corporate Sector Award honors U Bank’s President & CEO Mr. Kabeer Naqvi for spearheading initiatives to socially and financially include underprivileged communities across Pakistan.
While virtually receiving the award, Mr. Kabeer Naqvi (President & CEO) said “U Microfinance Bank has been successfully enabling underserved Pakistanis and has been positively contributing towards poverty alleviation and economic empowerment. We have cemented our place in the microfinance ecosystem covering the greatest distance in the smallest amount of time and these awards are a testament to our team’s dedication towards the mission of financial inclusion. U Bank will continue its process of self-reflection and relearning to improve our products and services for greater meaningful impact in the lives of those we serve.”
Cambridge IFA is leading a global initiative to promote best practices in governance and sustainability. The Global Good Governance Awards or 3G Awards celebrate individuals, governments, public and private institutions and NGOs that demonstrate making governance and sustainability a strategic priority of their organizations. The 3G Awards are a premier awards programme that highlight excellence in good governance and commitment to social welfare in 3 major streams: Government & Politics, Corporate Sector, and Social Sector & Philanthropy. www.cambridge-ifa.net | www.3g-summit.com
Pakistani rupee remained stable against the US dollar, and other currencies in the open market on Friday.
On Friday, the US dollar remained stable and was being quoted at 283.2 for buying and 286.15 for selling.
Euro comes down to 308 for buying and 311 for selling. British Pound rate dropped to 358.5 for buying, and 362 for selling.
UAE Dirham AED witnessed slight drop and new rate stands at 77.4 whereas the Saudi Riyal remained stable at 76.
Source: Forex Association of Pakistan. (last update 09:00 AM)
|UK Pound Sterling||GBP||358.5||362|
|Hong Kong Dollar||HKD||36.41||36.71|
|New Zealand Dollar||NZD||174.54||176.54|
Gold price in Pakistan increased as the yellow metal witnessed an upward trend in the international market.
On Friday, the price of a single tola of 24-karat gold stands at Rs217,400 and 10 grams of 24k gold costs Rs186,390.
Single tola of 22 Karat Gold costs Rs199,282, 21 karat rate for per tola is Rs190,225 and 18k gold rate is Rs163,050 each tola.
In the global market, gold prices hover at around $2026, gaining $8.30 on Friday.
Today Gold Price in Pakistan (8 December 2023)
|Lahore||PKR 217,400||PKR 2,583|
|Karachi||PKR 217,400||PKR 2,583|
|Islamabad||PKR 217,400||PKR 2,583|
|Peshawar||PKR 217,400||PKR 2,583|
|Quetta||PKR 217,400||PKR 2,583|
|Sialkot||PKR 217,400||PKR 2,583|
|Attock||PKR 217,400||PKR 2,583|
|Gujranwala||PKR 217,400||PKR 2,583|
|Jehlum||PKR 217,400||PKR 2,583|
|Multan||PKR 217,400||PKR 2,583|
|Bahawalpur||PKR 217,400||PKR 2,583|
|Gujrat||PKR 217,400||PKR 2,583|
|Nawabshah||PKR 217,400||PKR 2,583|
|Chakwal||PKR 217,400||PKR 2,583|
|Hyderabad||PKR 217,400||PKR 2,583|
|Nowshehra||PKR 217,400||PKR 2,583|
|Sargodha||PKR 217,400||PKR 2,583|
|Faisalabad||PKR 217,400||PKR 2,583|
|Mirpur||PKR 217,400||PKR 2,583|