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UBL, Akhuwat Islamic Microfinance to offer exclusive low-cost housing finance solutions

01:36 PM | 26 May, 2021
UBL, Akhuwat Islamic Microfinance to offer exclusive low-cost housing finance solutions

UBL has been one of the leading advocates of the government backed ‘Mera Pakistan Mera Ghar’ low-cost housing finance scheme since its inception. To further enhance the Bank’s promotion and extension of this facility, UBL signed an agreement with Akhuwat Islamic Microfinance (AIM) in order to offer exclusive Housing Finance Solutions to the customers of Akhuwat. Furthermore, UBL will provide Housing Finance solutions on Low Cost Housing variants under Islamic Financing mode and will offer exclusive arrangements to the customers of Akhuwat.

AIM, a not-for-profit organization, has in-depth expertise of serving the under-privileged through favourable financial schemes.Through this agreement, AIM will coordinate with UBL in identification of the individuals who desire to obtain facility under the scheme. Both parties will explore viable business opportunities under the scheme and work towards extending the facility to the maximum number of deserving candidates.

The online agreement signing ceremony was held on Tuesday, May 25, 2021. Mr. Shazad G Dada, President & CEO UBL, along with Mr. Zia Ijaz, Group Executive, Branch Banking & International, Mr. Tanveer Farhan Mahmood, Head Islamic Banking and other senior executives were present on behalf of UBL. AIM was represented by Dr. Muhammad Amjad Saqib, Executive Director along with other senior officials.

Dr. Muhammad Amjad Saqib, Executive Director, AIM, said “It is indeed heartening to see that large banks like UBL are working wholeheartedly to bring about a positive change in the society. We look forward to working with UBL on this noble project to bring affordable and convenient housing solutions for the deserving masses of Pakistan.”

“The ‘Mera Pakistan Mera Ghar’ low-cost housing finance scheme is an integral project with strong backing from the Government of Pakistan. With the extensive hands-on expertise of Akhuwat on our side, UBL will be further able to provide streamlined and more focused low-cost housing finance solutions to deserving candidates across the country”, said Mr. Shazad G Dada, President & CEO UBL at the occasion.

Daily Pakistan Global Web Desk

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Rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 28 Feb 2024

Pakistani currency remains momentum against US dollar in the open market on February 28, 2024 (Wednesday).

US Dollar rate in Pakistan

In the open market, the US dollar moves up and currently hovers at 282 for buying and 282.25 for selling.

Euro currently stands at 303.1 for buying and 306.1 for selling while British Pound rate stands at 351.6 for buying, and 355.1 for selling.

UAE Dirham AED hovers at 76.1 whereas the Saudi Riyal saw slight increase, with new rates at 74.25.

Today’s currency exchange rates in Pakistan - 28 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 282 282.25
Euro EUR 303.1 306.1
UK Pound Sterling GBP 351.6 355.1
U.A.E Dirham AED 76.1 76.8
Saudi Riyal SAR 74.25 75.05
Australian Dollar AUD 181.1 183.1
Bahrain Dinar BHD 742.91 750.91
Canadian Dollar CAD 207.1 209.1
China Yuan CNY 38.87 39.27
Danish Krone DKK 40.61 41
Hong Kong Dollar HKD 35.75 36.1
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 905.46 914.46
Malaysian Ringgit MYR 58.5 59.1
New Zealand Dollar NZD 173.05 175.05
Norwegians Krone NOK 26.41 26.71
Omani Riyal OMR 725.54 733.54
Qatari Riyal QAR 76.74 77.44
Singapore Dollar SGD 207.15 209.15
Swedish Korona SEK 27.04 27.34
Swiss Franc CHF 317 319.5
Thai Bhat THB 7.76 7.91

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