Search

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

Advertisement

Currency Rates in Pakistan Today - Pak Rupee to US Dollar, Euro, Dirham, Riyal 19 May 2024

Pakistani currency rates against US Dollar and other currencies on May 18, 2024 (Saturday) in open market.

USD to PKR rate today

US dollar was being quoted at 277.4 for buying and 280.35 for selling.

Euro stands at 297 for buying and 299.5 for selling while British Pound rate is 348.5 for buying, and 352 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal came down to 73.50.

Today’s currency exchange rates in Pakistan - 19 May 2024

Currency Symbol Buying Selling
US Dollar USD 277.4 280.35
Euro EUR 297 299.5
UK Pound Sterling GBP 348.5 352
U.A.E Dirham AED 75.25 76
Saudi Riyal SAR 73.5 74.25
Australian Dollar AUD 181 183
Bahrain Dinar BHD 747.77 755.77
Canadian Dollar CAD 203 205
China Yuan CNY 38.49 38.89
Danish Krone DKK 40.25 40.65
Hong Kong Dollar HKD 35.96 36.31
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 913.28 922.28
Malaysian Ringgit MYR 58.69 59.29
New Zealand Dollar NZD 169.45 171.45
Norwegian Krone NOK 25.67 25.97
Omani Riyal OMR 730.59 738.59
Qatari Riyal QAR 76.41 77.11
Singapore Dollar SGD 203 205
Swedish Korona SEK 25.67 25.97
Swiss Franc CHF 309.01 311.51
Thai Baht THB 7.57 7.72

Advertisement

Follow us on Facebook

Follow us on Twitter

Sign up for Newsletter