Bank Alfalah, one of the largest commercial banks in Pakistan, with the purpose of empowering people so that they shape their own path in life despite all odds, has spent PKR 308 million for flood-impacted communities. When floods hit significant parts of the country, Bank Alfalah came to the forefront with a determination to help rebuild affected areas and formulated a two-phase plan of redeveloping communities in a sustainable, equitable and financially inclusive way.
Earlier in August 2022, Bank Alfalah’s Chairman, His Highness Sheikh Nahayan bin Mubarak Al Nahayan, and the Board of Directors had graciously approved USD 10 million (PKR 2 Billion) to help with the extensive relief and rebuilding efforts.
In the first phase, the Bank partnered with reliable and trusted non-governmental organizations (NGOs) across Pakistan to rescue the flood-impacted people from hard-hit geographical locations. The second phase is dedicated to rehabilitating and rebuilding the communities.
In 2022, over PKR 300 million were disbursed for immediate relief and rescue. In pursuant to the financial support, the Bank’s vast network of colleagues working in over 850 branches are volunteering to ensure transparency and provide assistance across the inundated areas.
By joining forces with its trusted partners, the Bank has provided 1.5 million meals, serving 280,000 households. As part of immediate rescue and relief, 94 medical camps were set up to provide urgent care to 27,500 patients with an epidemic of water-borne diseases, including dengue, malaria, cholera and typhoid. Furthermore, those in flood-hit locations were provided with 1,100 tents for immediate shelter.
The quantum of Bank Alfalah’s response comprises 21 leading NGOs with a vast network across Pakistan.