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HBL signs agreement for Prime Minister’s Youth Business and Agriculture Loan Scheme

01:45 PM | 18 Apr, 2023
HBL signs agreement for Prime Minister’s Youth Business and Agriculture Loan Scheme
Source: Khaqan Muhammad Khan, Global Head Financial Institutions and Remittance Business – HBL, Dr. Sonu Khangharani, CEO – Thardeep Microfinance Foundation and Musharraf Khan, CEO – Damen Support Program signed the agreement. Senior officials from all three organizations were also present on the occasion.

KARACHI -  HBL, Damen Support Program, and Thardeep Microfinance Foundation have joined hands to offer interest-free financing to individuals and small businesses under the Prime Minister’s Youth Business and Agriculture Loan Scheme (PMYB&ALS).

 Speaking on the occasion, Khaqan Muhammad Khan, Global Head Financial Institutions and Remittance Business – HBL, said, “The Bank is committed to promoting financial inclusion and poverty alleviation. The partnership between HBL, Damen Support Program, and Thardeep Microfinance Foundation under the PMYB&ALS scheme would play a crucial role in uplifting the lives of thousands of people.”

Dr Sonu Khangharani, CEO – Thardeep Microfinance Foundation, said, “The partnership with HBL will be instrumental in advancing our mission of promoting financial inclusion and will empower individuals from marginalized segments of society to realize their entrepreneurial dreams."

 Musharraf Khan, CEO – Damen Support Program, said, “Amidst inflationary pressures, interest-free financing is a boon that small businesses and individual entrepreneurs could take advantage of. The partnership with HBL had previously delivered successful financial inclusion projects and this scheme would provide another opportunity to support small businesses and entrepreneurs in need of financing.”

Daily Pakistan Global Web Desk

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Currency Rates in Pakistan Today - Pak Rupee to US Dollar Open Market rates 8 May 2024

Pakistani rupee rates against US Dollar and other currencies on May 8, 2024 Wednesday in open market.

USD to PKR rate today

US dollar was being quoted at 277.5 for buying and 280.25 for selling.

Euro stands at 294.5 for buying and 297 for selling while British Pound rate is 345 for buying, and 348.5 for selling.

UAE Dirham AED was at 75 and Saudi Riyal's came down to 73.25.

Today’s currency exchange rates in Pakistan - 8 May 2024

Currency Symbol Buying Selling
US Dollar USD 277.5 280.25
Euro EUR 294.5 297
UK Pound Sterling GBP 345 348.5
U.A.E Dirham AED 75 75.8
Saudi Riyal SAR 73.25 74
Australian Dollar AUD 180 182
Bahrain Dinar BHD 739.99 747.99
Canadian Dollar CAD 203 205
China Yuan CNY 38.43 38.83
Danish Krone DKK 40.16 40.56
Hong Kong Dollar HKD 35.61 35.96
Indian Rupee INR 3.34 3.45
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 905.3 914.3
Malaysian Ringgit MYR 58.71 59.31
New Zealand Dollar NZD 167.23 169.23
Norwegians Krone NOK 25.57 25.87
Omani Riyal OMR 722.7 730.7
Qatari Riyal QAR 76.44 77.14
Singapore Dollar SGD 204.65 206.65
Swedish Korona SEK 25.79 26.09
Swiss Franc CHF 307.34 309.84
Thai Bhat THB 7.56 7.71

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