Meezan Bank, Pakistan’s first and largest dedicated Islamic bank has recently signed a Memorandum of Understanding with Punjab Board of Investment & Trade (PBIT) to facilitate local and foreign investors. The agreement was signed by Mr. Jahanzeb Burana, CEO – PBIT & Syed Amir Ali, Group Head Corporate & Investment Banking – Meezan Bank at the signing ceremony organized at PBIT office in Lahore.
The purpose of this initiative is to formalize the commitment to facilitate local and foreign investors. The MoU recognizes the cooperation and collaboration between PBIT & Meezan Bank and will enable to reinforce private-sector led growth in the Punjab region while simultaneously supporting inclusive economic development.
Furthermore, it will increase the financing depth and width of projects & development in Punjab. PBIT and Meezan Bank intend to encourage the development of adapted financing tools and instruments to streamline foreign direct investments in Punjab.
According to the Memorandum of Understanding, both organizations have agreed to work together towards a common goal of promoting business and attracting vast untapped investment opportunities in Punjab and Pakistan.