UBL, PPAF sign MoU

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KARACHI: United Financial institution Restricted (UBL) and Pakistan Poverty Alleviation Fund (PPAF) have signed a memorandum of understanding (MoU) to enhance roles of the organizations below Development for Rural Development and Sustainable Progress (GRASP) initiative.

The GRASP initiative focuses underserved areas of Sindh and Baluchistan provinces. Each the entities intention to mix their potentials to synergise efforts for quick tracked improvement of micro, small & medium enterprises (MSMEs) engaged in horticulture and livestock sectors, to extend their capability and competitiveness.

UBL and PPAF agreed to formalize their collaborative efforts by figuring out areas of frequent curiosity, i.e. entry to finance, enterprise improvement, and social mobilization for improvement of MSMEs and development of rural populace.

UBL’s GE-Department Banking & Worldwide Zia Ijaz, Head SME & Rural Financial institution Sohail Ahmed Malik, and Head Rural Financial institution Abdul Sattar Narejo represented UBL within the MoU signing ceremony whereas PPAF was represented by Mr. Irshad Khan Abbasi, Group Head- PPAF and Ms. Robila Agha, Entry to Finance Specialist GRASP Venture.

Whereas highlighting significance of rural improvement, Mr. Zia Ijaz acknowledged the financial institution’s community in each the targeted provinces would go a good distance in reaching the specified objectives of GRASP undertaking.

Mr. Irshad Khan Abbasi was assured that the grassroots stage participation of the agricultural lots could be ensured and each events would proceed their endeavors for uplift of the focused areas of Sindh and Baluchistan.