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Tarin chairs EAC 3rd meeting, highlights planning for sustainable growth
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Faysal Bank Bags 5 Global Diversity & Inclusion Benchmark Awards
Karachi
March 14, 2021
Karachi: Faysal Bank Limited was honored with five Global Diversity and Inclusion Benchmark (GDIB) Awards during a ceremony held recently in Karachi.
The awards were conferred to Tahir Yaqoob Bhatti, Head Retail Banking Faysal Bank, by Sima Kamil, Deputy Governor State Bank of Pakistan, in the categories of Vision, Leadership, Structure, Recruitment and Development and Social Responsibility. Faysal Bank was ranked amongst the top 10 winners across all participating organizations and is the only Islamic Bank to win this coveted accolade.
Organized every year by the Diversity Hub HR Metrics and the Centre for Global Inclusion USA, GDIB awards serve to acknowledge and encourage organizations who showcase compliance with the values of Diversity and Inclusion, as set by GDIB standards, in their organizational policies for sustainable financial and social performance.
The National Assembly Standing Committee on Finance and Revenue unanimously recommended that “The Corporate Restructuring Companies (Amendment) Bill, 2020,” maybe passed by the National Assembly.
The 54th meeting of the National Assembly Standing Committee on Finance and Revenue was held under the chairmanship of MNA, Faiz Ullah.
The Committee discussed “The Corporate Restructuring Companies (Amendment) Bill, 2020).” Deputy Governor State Bank of Pakistan (SBP), Jameel Ahmed, and President Bankers Association, Muhammad Aurangzeb, briefed the Committee about the requirements of the Bill. The Committee members have expressed their apprehensions regarding the implementation of this Act.
According to the objects and reasons of the proposed legislation, the existing institutional arrangements and legal processes for the revival and rehabilitation of distressed entities are time-consuming and inadequate, making the rehabilitation of distressed entities challenging.
Financial Monitoring Unit Apprises National Executive Committee on FATF Progress
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KARACHI: Good-quality, open and easy access to statistics and data is critical for Pakistan’s sound policy making and project design, Karandaaz Pakistan chairperson Dr Shamshad Akhtar said on Tuesday.
Speaking at a webinar held to mark the launch of Karandaaz’s data portal, she noted that as the country comes out of the shadows of the pandemic, digital connectivity to, among others, deepen financial inclusion has emerged to be a sustainable solution to reduce poverty and rejuvenate the economy.
“Pre-Covid gaps in financial inclusion have been glaring. Karandaaz has been working with the government, regulator and all stakeholders to realise the vision of the National Financial Inclusion Strategy and meet the targets of enhancing financial inclusion across gender and geography.
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