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PBM, TelenorMicrofinance Bank join hands to assist needy in lockdown

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ZUBAIR QURESHI
ISLAMABAD In order to provide assistance to widows and persons with disabilities at their door step during the current state of lockdown, Pakistan Bait-ul-Mal (PBM) announced on Wednesday inclusive plan in collaboration with Telenor Microfinance Bank Ltd that to benefit around 5,000 children through their mothers. In this regard the PBM and Telenor Microfinance Bank Ltd signed a Memorandum of Understanding (MoU) on Wednesday at a ceremony marked by lesser gathering and ensuring social distancing as a measure to prevent coronavirus. Speaking on the occasion through video-link, CEO Telenor Microfinance Bank Ltd Mudassar Aqil, Managing Director PBM, Aon Abbas Buppi said the present critical condition called for philanthropic participation of every person to help the needy country fellows. Expressing his gratitude to CEO Microfinance Bank for offering their services free of charge, Managing Director PBM Aon Abbas Buppi said this cooperation interpreted vision of Prime Minister Imran Khan to take concrete steps for supporting the vulnerable populace in the time of hardships. Sharing the details of the initiative, Managing Director PBM, Aon Abbas Buppi told the participants that in the wake of corona virus outbreak, PBM’s centres for orphan children throughout the country “Dar-ul-Ehsaas” were closed and the children were living with their mothers or guardians. The PBM has decided to transfer expenses amount of around 5000 children to their mother that was being borne by PBM in the centres earlier, against their boarding, food, education and clothing. Likewise, PBM will also provide financial assistance to around 5,000 persons with disabilities, associated with PBM, under Special Friend Project, throughout the country. Microfinance Telenor Bank will facilitate PBM for CNIC based electronic payments to the beneficiaries.

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