Faysal Bank Limited (FBL) collaborates with Pakistan Freelancers Association to facilitate the freelancer community through providing Shariah Compliant digital financial solutions and capacity building of freelancers.

Read More: Fintech NayaPay secures $13m as it rolls out digital payments revolution in Pakistan

The partnership initiated since the inception of Pakistan Freelancers Association (PAFLA), a non-profit organization founded to empower Pakistani freelancers, covers joint mentorship programs, seminars, webinars, conferences, professional training events and certification courses on financial literacy, alongside facilitating Freelancers and start-ups to reach out to FBL for their needs of digital financial services.
FBL Head Corporate and Investment Banking, Mr. Ali Waqar said: “FBL has been at the forefront of digital Pakistan initiative. In order to support freelancers, we were the first commercial bank in Pakistan to join the Global Network of Payoneer, facilitating freelancers and companies in receiving payments via home remittance channels. Moreover, our recent collation with Punjab Information Technology Board (PITB) is also a testament of the ongoing efforts to support endeavors and activities of mutual interest for the facilitation of freelancers.”
“FBL has launched Burraq Digital Freelancer Account (Islamic), which has opened door to host of banking services, including consumer finance and related payment services. FBL has actively participated in multiple events organized to support the digital technology, youth empowerment and freelancing ecosystem.” Mr. Aneeq Malik, Head of Consumer Finance and Payment Services, FBL added.
Mr.Ibrahim Amin, Co-Founder and Chairman, PAFLA commented: “We are honored to have banking partner like FBL, this collaboration is key enabler for the Digital Pakistan initiative, enabling digital financial services for the growing gig economy. Through this collaboration, both the organizations would continue to extend their digital services to the masses and therefore contribute to the country’s most extensive digital initiative.”
]FBL’s partnership with PAFLA will drive financial inclusion. The market opportunity is significant since Freelancing has witnessed an incredible upward trajectory in Pakistan. Pakistani freelancers globally ranks 3rd in software development and technology and generate throughput of approx. $1 Billion annually through providing freelance services on leading global platforms.

Leave a Reply

Your email address will not be published. Required fields are marked *

Sign Up for Our Newsletters

Get notified of the best deals on our WordPress themes.

You May Also Like

Dubai’s Crypto Market and the Challenges: The Cryptoverse Responds to Global Changes

Dubai’s crypto market has been significantly influenced by the evolving global regulatory…

LUMS Energy Institute hosts seminar on advancing Pakistan’s Energy Sector

Pakistan’s prestigious institution, LUMS, recently organized a seminar focused on addressing the…

Citizens Lodge Financial Fraud Cases Against AAA Associates

Two citizens file financial fraud cases against AAA Associates’ Managing Director, Lieutenant…

Telenor Microfinance Bank Future Uncertain After PTCL Telenor Merger

The recent merger of Telenor Pakistan with PTCL has sent shockwaves through…