Al Baraka Bank facilitates Pakistan-South Africa export connections
Al Baraka Bank (Pakistan) Limited organized a webinar to
introduce the Al Baraka Group (ABG) Inter-Franchise Collaboration and portal,
fostering a partnership between Al Baraka Bank (Pakistan) Limited (ABPL) and Al
Baraka Bank South Africa (ABL SA). The webinar's primary objective was to
facilitate connections between Pakistani exporters and South African importers,
thereby enhancing trade opportunities between the two nations.
The webinar, chaired by Houssem Ben Haj Amor, CEO of Al Baraka
Group, also saw the announcement of similar collaborations between Pakistan and
ten other countries. Prominent figures from the business community attended and
expressed optimism about the webinar's potential outcomes.
Distinguished guests at the event included Dr. Ishrat Hussain,
former Governor of the State Bank of Pakistan (SBP); Akhtar Jawaid, Executive
Director of Banking Policy at SBP; High Commissioner of South Africa in
Pakistan, Mthuthuzeli Madikiza; and the High Commissioner of Pakistan in South
Africa, Aftab Hasan Khan.
Muhammad Atif Hanif, CEO of Al Baraka Bank (Pakistan) Limited,
stated during the event, "This initiative holds significant importance in
supporting Pakistan's foreign exchange inflows, especially in these critical
times. We are optimistic that the launch of this program will open new
possibilities and synergies, expanding Pakistan's export markets. We plan to
replicate this initiative with Al Baraka Group subsidiaries in Bahrain, Turkey,
Egypt, Algeria, Jordan, and Tunisia."
Source: Business Recorder