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U Microfinance Bank and Bank Alfalah announce a Strategic Partnership

10:00 AM | 12 Jul, 2021
U Microfinance Bank and Bank Alfalah announce a Strategic Partnership

KARACHI – President & CEO of U Microfinance Bank Limited Mr. Kabeer Naqvi and President & CEO of Bank Alfalah Limited, Mr. Atif Bajwa, signed off a strategic partnership to promote financial inclusion in the country.

This new relationship not only strengthens the bond between both banks but also promises to open up multiple avenues for collaboration, including medium to long-term debt funding, credit structuring and synergizing their respective businesses to scale. 

Speaking on the occasion Mr. Kabeer Naqvi, President & CEO of U Microfinance Bank said that we are delighted to establish this partnership with Bank Alfalah, which is aimed at exploring avenues to collaborate, design innovative products and work together in moving the banking sector forward. This alliance will help us serve more customers and bring more Pakistanis into the banking net. 

Mr. Atif Bajwa, President & CEO of Bank Alfalah praised U Microfinance Bank as an emerging player and recognizable brand and commented that Bank Alfalah is always committed towards building strategic alliances with key market players. This partnership is in line with its vision and mission to seek new ways to enable its customers to shape their lives and businesses. 

The ceremony was held in the head office of Bank Alfalah and was witnessed by the senior management of both institutions including Mr. Saad ur Rahman Khan - Group Head - Corporate, Investment Banking, Financial Institutions, and International Business - Bank Alfalah and Ms. Mariam Pervaiz - Chief Commercial Officer & Chief of Staff - U Microfinance Bank.

Daily Pakistan Global Web Desk

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US Dollar, Euro, Dirham, Pound, Riyal Rate in Pakistan Today - Currency Rates 20 July 2024

Pakistani rupee rates against US Dollar and other currencies on July 20, 2024 (Saturday) in open market.

USD to PKR Rate Today

US dollar was being quoted at 279.15 for buying and 280.85 for selling. Euro's buying rate remains stable at 301.35 and selling rate is 303.25.

British Pound rate is 354.85 for buying, and 358.35 for selling. UAE Dirham AED was at 76.5 and Saudi Riyal lowered to 73.70.

Currency Rates Today

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.15 280.85
Euro EUR 301.35 303.25
UK Pound Sterling GBP 354.85 358.35
U.A.E Dirham AED 76.5 77.25
Saudi Riyal SAR 73.7 74.42
Australian Dollar AUD 184.75 186.55
Bahrain Dinar BHD 741.15 749.15
Canadian Dollar CAD 203.5 205.5
China Yuan CNY 38.35 38.75
Danish Krone DKK 40.05 40.45
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 36.05 36.05
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 908.25 917.35
Malaysian Ringgit MYR 58.95 59.75
New Zealand Dollar NZD 169.24 171.24
Norwegians Krone NOK 26.04 26.34
Omani Riyal OMR 722.87 730.89
Qatari Riyal QAR 76.39 77.09
Singapore Dollar SGD 202 204
Swedish Korona SEK 26.4 26.7
Swiss Franc CHF 309.05 311.55
Thai Bhat THB 7.5 7.65

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