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Thursday December 12, 2024

SBP recognises Faysal Bank as leader in remittance growth

By Our Correspondent
December 13, 2024
The State Banks building in Karachi. — SBP website/File
The State Bank's building in Karachi. — SBP website/File

KARACHI: Faysal Bank Limited (FBL) has been recognised by the State Bank of Pakistan (SBP) as the fastest-growing bank in the country’s remittance market under its Pakistan Remittance Initiative (PRI).

The award was presented at the 4th Pakistan Remittance Summit, held recently in Rome, Italy.This award highlights FBL’s excellence and growing leadership in the remittance sector, reflecting the trust and confidence placed in the bank by its valued customers both in Pakistan and abroad.

Yousaf Hussain, president & CEO of FBL, said, “Remittances are a lifeline for countless families in Pakistan and a vital contributor to our economy.”“Today, we are privileged to be at the forefront, driving meaningful change through seamless, Sharia-compliant solutions that build trust, create opportunities and foster lasting connections,” Hussain added.