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Press Release

In the presence of Managing Director Pakistan Bait-ul-Mal PBM), MoU documents being exchanged between PBM and Telenor Microfinance Bank Ltd in order to support the widows and the persons with disabilities at their doorstep in Islamabad

In order to support the widows and the persons with disabilities at their door step, Pakistan Bait-ul-Mal (PBM) is going to execute an inclusive plan in collaboration with Telenor Microfinance Bank Ltd. In this regard, PBM and Telenor Microfinance Bank Ltd. sign the MoU in a simple ceremony with less gathering and precautionary measures to avoid corona virus.
Talking on the video link with CEO Telenor Microfinance Bank Ltd. M. Mudassar Aqil, Managing Director PBM, Aon Abbas Buppi said that present critical condition invokes the philanthropic participation of every person to help the needy country fellows. Expressing his gratitude to CEO Microfinance Bank for offering their services free of charge, Managing Director PBM said that this cooperation interprets the vision of Prime Minister Imran Khan to take concrete steps for supporting the vulnerable populace in the time of hardships. Sharing the details of the initiative, Managing Director PBM, Aon Abbas Buppi told that in the wake of corona virus outbreak, PBM’s centres for orphan children throughout the country “Dar-ul-Ehsaas” are closed and the children are living with their mothers or guardians. PBM has decided to transfer the expenses amount of around 5000 children to their mother that was being borne by PBM in the centres earlier, against their boarding, food, education and clothing. Likewise, PBM will also provide the financial assistance to around 5000 persons with disabilities, associated with PBM, under Special Friends Project, throughout the country. Microfinance Telenor Bank will facilitate PBM for CNIC based electronic payments to the beneficiaries.
While talking on video link, CEO Microfinance Bank Ltd., M. Mobasshar Aqil commended the program for facilitating the orphan children and disabled persons during the crisis. He also showed his passion to work jointly with PBM to minimize the sufferings of poor and needy populace of the country.