Bank Alfalah, Head of Ministry of Culture – UAE, Visits Gong Ceremony at PSX Karachi

A gong ceremony was held at Pakistan Stock Exchange in the honor of His Highness Sheikh Nahyan bin Mubarak Al Nahyan, Head of Ministry of Culture, Youth, and Social Development, United Arab Emirates.

Mr. Atif Bajwa, President & CEO of Bank Alfalah along with the senior management of the bank was also present. The Chairman of Pakistan Stock Exchange, Mr. Muneer Kamal and Managing Director, Mr. Nadeem Naqvi also attended the event.

Sheikh Nahyan is a reliable friend of the country and has also stretched a positive hand to the country. Not just this, UAE is a major investor in different sectors of Pakistan with its immense participation in the banking sector.

Talking about Pakistan, Sheikh Nahyan said, “Pakistan is like second home to me just as the UAE is home to thousands of Pakistanis pursuing careers in different fields. We will continue to explore ways of strengthening our mutual cooperation.”

Mr. Muneer Kamal, Chairman Pakistan Stock Exchange said, “It is indeed an honour to host H.H Sheikh Nahyan here at Pakistan Stock Exchange. I want to express my heartfelt gratitude to the UAE for all the support and investment that goes long way in shaping Pakistan’s economy. I am glad that the UAE believes in Pakistan’s economic potential and hope that we will be able to chart out newer avenues of mutual cooperation and joint ventures during His Highness’s Pakistan visit to strengthen our economic and people to people connections.”

Mr. Nadeem Naqvi, Managing Director Pakistan Stock Exchange said, “It is a privilege to host His Highness Sheikh Nahyan, a long-time friend and well-wisher of Pakistan, here at Pakistan Stock Exchange, which has the distinction of being the best performing market in the Asia with KSE-100 Index, showing over 40% gain since January 2016 to date. The country is quickly reclaiming its share of foreign investments and reclassification of our market in MSCI’s emerging market index is a manifestation of global investor confidence in Pakistan. The UAE holds a very special and dear place in all Pakistani’s heart as a friend and ally. We are grateful to the His Highness for his continued strong support in cementing further the relationship between our two countries.”

Since its start, Bank Alfalah has quickly grown to become Pakistan’s fifth largest private bank, the largest to issue credit cards and one of the largest Islamic Banking service provider in Pakistan. The Bank has over 650 branches spread over 200 cities. The Bank attends more than 1 million corporate, retail, small business, agricultural, Islamic and asset financing customers.

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