In order to support Pakistan’s economy, Meezan Bank has formally launched a set of financing schemes to provide Shariah-compliant financing under the Prime Minister’s Youth Business Loan (PYMBL) program. PMYBL is a program of the Government of Pakistan aimed at socio-economic development of the country’s youth. The program will provide a broad canvas of schemes focused on enabling the country’s youth to get employment opportunities.
To cater to this need, Meezan Bank has designed a set of schemes for providing Shariah-compliant financing facilities. Under these schemes, financing would be available to eligible youth under four major categories comprising of Small Entrepreneur, Micro Enterprise, Agriculture Finance (Tractor Ijarah) and Transport Finance (Car Ijarah)
On this occasion, Mr. Irfan Siddiqui, President and CEO of Meezan Bank said “As the leading Islamic Bank of the country, we want to play a stronger role in enabling the youth of the Pakistan to realize their true potential. Meezan Bank’s Shariah-compliant PYMBL scheme will channelize the energy of the youth towards the path of development, benefitting not only the individuals themselves but also the country as a whole.”
The PYMBL schemes would be available in all major cities at designated branches of Meezan Bank.