Latest news with #SindhBank
Business Recorder
7 days ago
- Business
- Business Recorder
‘Businessmen should avail from Sindh Bank's packages'
FAISALABAD: Business community should avail from the lucrative and most competitive packages offered by the Sindh Bank, said Rehan Naseem Bharara, President Faisalabad Chamber of Commerce & Industry (FCCI). Talking to a delegation of Sindh Bank in his office, he said that Faisalabad is one of the most thriving industrial, commercial and export hubs of Pakistan. 'It has a large number of banks and the Sindh Bank is also included among them,' he said and added that it has recently introduced special packages for the SME sector and consumer banking. He urged upon the business community to enjoy these packages to fulfil their specialized banking needs. He appreciated the overall performance of Sindh Bank and hoped that it would help attract maximum news clients. The Sindh Bank team briefed the president FCCI about this bank and said that it has 331 branches in 169 cities across the country in addition to offering state of the art online banking facility. Copyright Business Recorder, 2025
Business Recorder
10-07-2025
- Business
- Business Recorder
Sindh govt announces major relief for farmers hit by floods
KARACHI: Sindh Senior Minister Sharjeel Inam Memon announced the major relief for farmers affected by floods, stating that the Sindh government has taken a big step in raising relief grants significantly for victims of the record 2022 flood catastrophe. The package includes compensation for shattered crops, provision of seed and monetary support for rehabilitation of hit lands. In a statement, Sindh Senior Minister Sharjeel Memon said that the increase in relief funds for flood-affected farmers is part of the Sindh Flood Rehabilitation Program, which has already been recognized as the world's largest disaster housing initiative. He said that the Sindh cabinet has also approved the establishment of new industrial zones in Sukkur and Hyderabad, which will be developed under a public-private partnership. A total of 951 acres of land in Hyderabad will be transferred to the Sindh Economic Zones Management Company, paving the way for over 55,000 employment opportunities in the province and giving a new boost to the provincial economy. Sharjeel Memon also added that the Sindh cabinet has also approved an interest-free loan of Rs 10.56 billion for Karachi Water and Sewerage Corporation, where a 36-kilometer pipeline would be laid from Damloti to DHA. The project will ease the acute shortage of water, as DHA needs 15 MGD of water daily but receives only 5 MGD. The project also includes the construction of a pumping station, filtration plant, and reservoir, with a completion target set for 11 months. He said that the cabinet has approved a memorandum of understanding with Sindh Bank to expedite the activation of the Benazir Hari Card. Through this card, farmers will receive subsidies on agricultural inputs, soft loans, and financial assistance for disaster preparedness. So far, over 237,000 farmers have been registered, and the verification of 88,871 applications has been completed. Sharjeel Inam Memon said that the Sindh government is taking practical steps for the welfare and development of the people, with the resolution of public issues and transparent governance among its top priorities. Copyright Business Recorder, 2025
Business Recorder
01-07-2025
- Business
- Business Recorder
Sindh Bank selects PTCL to enhance bank's digital connectivity infrastructure
KARACHI: Pakistan Telecommunication Company Limited (PTCL) and Sindh Bank have signed an agreement for deployment of SD-WAN (Software-Defined Wide Area Network) at 330 branches of Sindh Bank. SD-WAN is a smart way for businesses to manage internet and network connections across different locations. It helps make data travel faster, more securely, and at lower cost by using software instead of just hardware. Syed Assad Ali Shah, Deputy CEO, Sindh Bank and Asif Ahmad, Group Chief Business Solutions Officer, PTCL & Ufone 4G signed the agreement in the presence of Muhammad Anwaar Sheikh, President & CEO, Sindh Bank at a special ceremony recently held at Sindh Bank Head Office in Karachi. Also, present at the ceremony were Basharat Qureshi Group VP Enterprise, Sayyed Imran Bukhari, Group VP B2B Strategy, Umar Farooqi, Group Director Enterprise PTCL, Adnan Siddiqui, CIO Sindh Bank, Dilshad Hussian, CFO Sindh Bank and Syed Zeeshan ul Haq, Head Infrastructure Sindh Bank, were also present on the occasion, along with other senior officials. PTCL is providing Sindh Bank with its state-of-the-art infrastructure and platform solutions that are equipped with latest technology & managed security. During the signing ceremony, Asif Ahmed, Group Chief Business Solutions Officer PTCL & Ufone 4G said, 'We are pleased to sign an agreement with Sindh Bank to support them in fulfilling their business needs. PTCL, being a national company, is leading the digitalization effort across the country. Through such partnerships, PTCL continues to play its key role in the development of telecom infrastructure by providing innovative and secure solutions to the corporate sector that will further contribute towards the overall economic growth of the country.' On the occasion, Muhammad Anwaar Sheikh, President & CEO Sindh Bank, said, 'We are pleased to sign this agreement with PTCL as our trusted partner for infrastructure platform solutions as a part of the Bank's focus on adopting state-of-the-art and secure technology solutions for connectivity and digitalization. This partnership signifies a transformative step forward in the Bank's approach to infrastructure, platforms and data management. By leveraging PTCL's advanced infrastructure and telecommunications expertise, Sindh Bank aims to achieve an enhanced operating leverage, a stronger security and data protection posture, and reduced time-to-market of products and services as the Bank continues on its journey to offer a digitally enabled financial lifestyle for its customers and partners.' PTCL and Sindh Bank place highest level commitment to provide best-in-class services to their customers across various industries in Pakistan. This agreement is part of the growth momentum in the diverse areas of ICT and Security Solutions, which is key to a digital banking eco-system in Pakistan. Copyright Business Recorder, 2025
