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Tuesday, May 24, 2022
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Faisalabad region takes lead in financial literacy initiative

Agriculture Development Bank secures first while Soneri Bank stands at second position in national-level event

Faisalabad has excelled in National Financial Literacy Program during the last three successive years as the importance of financial literacy has increased manifold due to digital and online banking, said Ahsan Kamal, Director Development Finance Support Department SBP (State Bank of Pakistan).

Kamal was addressing a performance recognition ceremony on Friday. He appreciated the overall performance of the Faisalabad region and said that Agriculture Development Bank stood first while Soneri Bank got the second position in this national-level event.

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SBP Faisalabad Chief Manager Sarfraz Ahmad Nadeem said that Faisalabad based banks arranged maximum awareness sessions while 140,000 participants attended these programs, out of which 130,000 also opened their new accounts.

He said that Faisalabad had organised the first SME Clinic with six banks while the second would be held on December 9. Similarly, capacity building sessions for Faisalabad, Chiniot and Jhang had already been organised while sessions for Toba Tek Singh and Sargodha were in the pipeline. “This region also performed well in house financing, and complaints were being addressed on a top priority basis,” he added. He said that the State Bank of Pakistan preferred the grey areas where people avoided banking services.

Similarly, our focus was on women, and the majority of them were now operating their bank accounts. Later, Ahsan Kamal awarded shields among the best performers in different categories and hoped that this region would keep up its performance during the fourth year.

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SBP Senior Joint Director Sheikh Muhammad Akbar, Deputy Chief Manager Asif Jabbar, Tahir Abbas and other officers were also present.

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