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