Karachi – April 14, 2023: Mobilink Microfinance Bank Ltd. (MMBL) has recently announced its latest organizational initiative aimed at bolstering the financial resilience of its employees. In response to the ongoing tumultuous economic landscape, the Bank has proactively introduced a new Minimum Salary structure of PKR 50,000 to provide its employees with enhanced financial security and aid them in meeting their daily living expenses. This strategic move is a testament to MMBL’s steadfast commitment to ensuring the welfare of its staff and showcases the Bank’s relentless drive to enrich the overall employee experience.

The recent changes in the Minimum Salary structure are a result of the collaborative efforts of MMBL’s Rewards & Payroll and Finance teams. The new structure signifies the Bank’s commitment to fair and equitable pay practices, which are essential for fostering employee satisfaction and retention.

Speaking on the development, President & CEO, Ghazanfar Azzam shared, “Our employees are the cornerstone of our success, and we are committed to ensuring their well-being while providing them with a rewarding work experience. The new minimum salary structure of PKR 50,000 demonstrates the Bank’s dedication to enhancing its employees’ financial security and easing the burden of their daily expenses. At MMBL, we firmly believe that investing in our team is a wise investment in the future of our organization.”

Also sharing his thoughts, Acting Chief People Officer, Haroon Khan said, “The Bank is cognizant of the challenges that the current financial landscape poses to many individuals, particularly those in the middle and lower-income segments of society. This is why the Bank introduced a new Minimum Salary structure that ensures all our employees receive a fair and reasonable payout to manage their daily living expenses with ease. At MMBL, our commitment to our employees extends beyond just fair pay. We strive to create an inclusive and empowering work environment where everyone feels valued and their contributions are acknowledged.”

MMBL’s commitment to the well-being of its employees is evident through its robust benefits package, which includes comprehensive healthcare coverage, flexible work arrangements, childcare support, conveyance facilities, minority leaves, and employee loans. The Bank understands that investing in its employees’ professional development is crucial to its long-term success, and thus, it offers regular training and development programs, career advancement opportunities, and mentoring to ensure that its employees are equipped with the latest knowledge and skills. The Bank’s dedication to Diversity, Equity, and Inclusion (DEI) is reflected in its hiring practices, which promote an inclusive work culture. 

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Karachi, Pakistan – ABHI, a financial technology company, has partnered with Hilal Group, a leading fast-moving consumer goods (FMCG) company, to provide AbhiSalary, an Earned Wage Access product, to Hilal’s workforce. The move aims to reduce financial stress and improve productivity among Hilal’s employees, who can now access their earned salaries before payday in just 30 seconds.

Hilal Group, which exports its high-quality branded food products to over 20 countries and aims to generate Rs 20 billion by 2023, has also made AbhiSalary available as a financial wellness benefit to the employees of Hilal Foods, Hilal Care, Domino’s Pakistan, and Shalimar Foods.

On the day of signing the partnership agreement, Mr Saad Ali Khan, Group CFO of Hilal Group of Companies, stressed the importance of providing financial wellness benefits to employees by saying “During this time, it’s important for companies to provide a financial wellness benefit to their employees. We’re proud to join hands with ABHI to financially empower our workforce of over 2000 hard-working people and enable them to access their earned wages at any time of the month.”

Mohammad Zaidi, Director of Sales and Business Development at ABHI said, “We are proud to partner with Hilal Group and financially empower 2000 salaried individuals. With AbhiSalary, they won’t need to wait for 30 days to access their salaries and will be able to make financial decisions with their own income.”

Overall, the partnership between ABHI and Hilal Group is a significant step towards improving financial well-being and increasing productivity among employees in Pakistan’s FMCG industry.

Discover more about ABHI and their services by visiting: www.abhi.com.pk or contact their public relations representative below.

Karachi – November 18, 2022: Mobilink Microfinance Bank Limited (MMBL), Pakistan’s largest digital bank, and U Microfinance Bank Ltd. (U Bank), Pakistan’s fastest-growing microfinance bank, have entered into a strategic partnership for providing housing finance facility for their employees. 

The MoU was signed between Ghazanfar Azzam, President & CEO – MMBL, and Kabeer Naqvi, President & CEO – U Microfinance Bank, at a ceremony held in Islamabad, in the presence of senior officials from both organizations. Under this partnership, U Bank and MMBL employees can seek housing finance from each other. Eligible employees would have the opportunity to access affordable housing finance of up to PKR 3 Million to purchase a new house, flat, apartment, or plot for construction, as well as to construct a house on a pre-owned plot or add an extension to an existing housing unit. The loan application process has been simplified to facilitate fast-track processing and efficient disbursement of the loaned amount.

“Financial inclusion is not merely a customer-facing ambition but rather encompasses any and all people who wish to upgrade their quality of living through economic empowerment”, said Ghazanfar Azzam, President & CEO, MMBL. “As an employer of choice, we are vigilant of opportunities to holistically support our greatest asset- people, as much as possible. This partnership with U Bank will help enable our valued human resources with financial security during the uncertain economic conditions of the modern era,” remarked Azzam.

Also sharing his thoughts, Kabeer Naqvi, President & CEO – U Microfinance Bank said, “Our people are our most valuable asset. We aim to continue to provide services which improve their wellness and living standards. They are at the heart of who we are. We are pleased to collaborate with MMBL to facilitate employees on both sides. This also reaffirms U Bank’s belief that the microfinance industry as a whole can synergize and work in harmony to attain mutual goals.”

With influential positions in the market and reputations for exceptional employee culture, both MMBL and U Bank have been at the forefront of several initiatives driven toward the sustainable development of their customers and employees. 

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