Karachi, Feb 10, 2025 — In a historic first for Pakistan, Meezan Bank and the Pakistan Association of Printing & Graphic Arts Industry (PAPGAI) have joined forces through a landmark Memorandum of Understanding (MoU), marking the beginning of a new era of collaboration between the banking and industrial sectors. The MoU was inked by Tariq Rehman, Chairman of PAPGAI, and Faisal Iqbal, GM Head of SME & EVP at Meezan Bank. The agreement aims to enhance financial accessibility and empower small and medium enterprises (SMEs).
The event was attended by several respected industry leaders and banking professionals, including Salman Haroon, Syed Amin-ul-Hassan, Arif Hussain Siddiqui, Nabeel Afaq, Syed Muhammad Adeel Hassan (Meezan Bank), Faisal Yunus (Meezan Bank), Mudassir Ahmed (Senior DCM, Financial Inclusion Division, SBPBSC North Nazimabad), Muhammad Faheem Maqsood (Assistant Chief Manager, SBP), and Salman Ali Khan (Assistant Director, SBP).
This partnership is aligned with the Government of Pakistan’s vision and addresses the long-standing demand of FPCCI, various chambers of commerce, and trade associations to improve financial accessibility for the industrial and business sectors. Under the guidance of the State Bank of Pakistan, the initiative will offer priority banking services, boost SME empowerment, and foster economic growth. PAPGAI is proud to be the first association to sign such an MoU, taking a leadership role in advancing the printing and packaging sector. This milestone demonstrates PAPGAI’s unwavering commitment to promoting the industry’s growth, financial stability, and long-term prosperity.
PAPGAI, a leading industry association, has once again taken the lead by becoming the first organization to sign such an MoU for the advancement of the printing and packaging sector. This milestone underscores PAPGAI’s steadfast commitment to driving industry growth, ensuring financial sustainability, and long-term prosperity. The signing of this MoU represents a significant step toward strengthening Pakistan’s industrial landscape through enhanced financial inclusion and strategic support.
