Home Business & Finance Pakistan Academic Consortium signs MoU with Faysal Bank

Pakistan Academic Consortium signs MoU with Faysal Bank


News Desk

KARACHI: Pakistan Academic Consortium (PAC), widely recognized as the fastest growing academic body spanning operations across country, signed Memorandum of Understanding (MoU) with Faysal Bank at their headquarter in Karachi for provision of loans at special rates to teachers.

This collaboration will enable educators associated with Schools, Colleges & Universities to get bank loans for housing at special rates under ‘Faysal Tabeer’, an initiative supported by Govt. of Pakistan. The agreement was signed by Nasir R. Zaidi, Founder President PAC and Yasser Ahmed, Head – Sales Transaction Banking represented Faysal Bank.

On this occasion, Fahad N. Siddiqui, Gen. Secretary PAC said, ‘we are extremely excited to launch this initiative in partnership with Faysal Bank and look forward to support educational fraternity’s economic well-being in all possible means’. While responding to a question, PAC Founder President Nasir R. Zaidi stated, ‘the realization of dreams has begun in Pakistan, now teachers i.e. future makers of country could become home owners by availing financing facility under this scheme with lowest installment plans”. He further added that PAC is fortunate to be on board with Ministry of Federal Education & Professional Training and National Curriculum Council (NCC) for implementing Single National Curriculum across country. ‘We believe uniform education system is the need when equal opportunities for all makes sense’, he added. Likewise, we appreciate Prime Minister Imran Khan’s vision to provide own house to everyone and certainly private sector banks are playing vital role in this cause.

On this occasion, Salman A. Khan (EVP Transaction Banking) and Taab A. Khan (AVP Transaction Banking) were also present.

It would be pertinent to mention that Faysal Bank has footprints in more than 200 cities with over 550 branches across country placing it amongst significant players in Pakistan’s banking industry. Faysal Tabeer offers convenient and affordable options for financing needs and educators will now have an opportunity to buy a house / apartment or opt for construction / renovation finance in a complete Shariah compliant way using Diminishing Musharakah mode of financing.

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