KARACHI: The Commonwealth Business Women’s Network (“CBW”) and Shajar Capital Pakistan Private Limited (“Shajar”) signed the Memorandum of Understanding (MOU) on encouragement of value added services for women amidst a special Signing Ceremony organized at Shajar Capital Pakistan Private Limited.
Hon. Mrs. Mahtab Akber Rashdi, and Hon. Mr. Rasheed Noorani, jointly witnessed the signing ceremony. Chief Executive Officer – Shajar, Mr. Rehan Ateeq and Adviser to the Commonwealth, Ms. Erum Masood signed the MoU on behalf of their respective organizations. The major thrust of the MoU is to promote mutually beneficial cooperation between CBW and Shajar in various fields such as economy, environment, technology and culture.
“Financial inclusion matters not only because it promotes growth, but it supports and develops stability to ensure prosperity that is widely shared all over. Financial markets play a critical role in lifting people out of poverty, empowering women and youth. To provide distribution platforms to governments and corporate sector to deliver services to people, globally. We at Shajar Capital strongly believe in the finest ethical practice in the trade we are, and we are committed to play vital role in CSR initiatives in Pakistan and to support the social enterprise culture. With Commonwealth Businesswomen’s Network our relationship is to work as a platform to welcome business investment opportunities for women all over the commonwealth countries and networks” (Rehan Ateeq – CEO Shajar Capital Pakistan Private Limited)
The MoU aims at encouraging retail financial services providers to offer financial and non-financial value added services to women owned small and medium sized enterprises, and advocate for the development of a sustainable market to address the financial interest and investment focus strategy. Furthermore, it ambitions to promoting cooperation on promoting connectivity of facilities, trade connectivity, financial integration and connectivity of people.
Similarly, the MoU also aims to promote people-to-people and business to business exchanges of different levels between the two organizations.
“As an entrepreneur, I believe the way forward is through social enterprise, crowd funding, creating avenues through awareness Vis a Vis it may be through education for growth and development in business and economy. I am proud and happy to be associated with a Group like Shajar and I look forward to a strong commercial relationship” (Erum Masood – Adviser to Commonwealth)
The MoU contains detailed framework for mutual cooperation in line with the MoU signed between the CBW and Shajar in March 2019. Says in press release
