{"id":252,"date":"2024-01-19T13:13:53","date_gmt":"2024-01-19T13:13:53","guid":{"rendered":"https:\/\/pcn58.com.pk\/?p=252"},"modified":"2024-01-19T13:13:54","modified_gmt":"2024-01-19T13:13:54","slug":"bank-alfalah-continued-its-commitment-to-flood-impacted-communities-with-the-disbursement-of-pkr-1-24-billion-in-2023","status":"publish","type":"post","link":"https:\/\/pcn58.com.pk\/index.php\/2024\/01\/19\/bank-alfalah-continued-its-commitment-to-flood-impacted-communities-with-the-disbursement-of-pkr-1-24-billion-in-2023\/","title":{"rendered":"Bank Alfalah continued its commitment to flood-impacted communities with the disbursement of PKR 1.24 billion in 2023"},"content":{"rendered":"\n

Bank Alfalah, a leading commercial Bank in Pakistan, reported the highlights of 2023 during Phase 2 <\/strong>of its comprehensive rehabilitation and rebuilding initiative, which started with immediate rescue and relief in Phase 1<\/strong> in 2022. <\/p>\n\n\n\n

With a steadfast commitment to empowering communities and promoting sustainable development, the bank has joined forces with 24 esteemed partners. It has disbursed around PKR 1.24 billion<\/strong> to address critical sectors such as healthcare, emergency care, housing, education, and livelihoods.<\/p>\n\n\n\n

Under the visionary leadership of His Excellency Sheikh Nahayan bin Mubarak Al Nahayan, <\/strong>Chairman of Bank Alfalah, who graciously donated $10 million to devastating floods that hit Pakistan last year, and with the steadfast support of the Board of Directors, the Bank has embarked on a two-pronged strategy to redevelop communities in a sustainable, equitable, and financially inclusive manner. This initiative addresses immediate needs and provides a comprehensive framework for long-term rehabilitation.<\/p>\n\n\n\n

Phase 1<\/strong> focused on immediate relief with PKR 338 million<\/strong> partnering with reliable and trusted non-governmental organisations (NGOs) across Pakistan. These partnerships facilitated the rescue and assistance of flood-impacted individuals in hard-hit locations.<\/p>\n\n\n\n

In 2023, the Bank embarked on phase 2<\/strong> of its flood relief efforts with a disbursement of PKR 902 million<\/strong>, focusing on rehabilitation and rebuilding lives. This phase encompassed several key areas: sustainable housing, healthcare, education, and livelihood support.<\/p>\n\n\n\n

Phase-2:<\/strong><\/p>\n\n\n\n

    \n
  1. <\/strong>Healthcare Provision worth PKR 468 million<\/u><\/strong><\/strong><\/li>\n<\/ol>\n\n\n\n

    Other than initiatives for sustainable housing, there is also a strong dedication to healthcare and education. A partnership with the Aga Khan Foundation<\/strong> has been strengthened by a generous donation of PKR 200 million. <\/strong>Aga Khan Foundation is working to accelerate agricultural livelihood and increase household\u2019s food security and resilience. Apart from nutrition, it is also improving the community\u2019s access to health services through health service delivery platforms and mobile outreach services.<\/p>\n\n\n\n

    A donation was made to the Patient Aid Foundation, focusing<\/strong> on aiding the underserved in Jinnah Postgraduate Medical Centre (JPMC) Karachi,<\/strong> which has inundated flood-impacted communities travelling to Karachi from interiors. To date, over 720 patients have been treated. Child Life Foundation<\/strong> is also at the forefront of treating patients and has catered to 118,000 patients<\/strong> in flood-impacted areas through telemedicine. Other partners include Alamgir Welfare Trust, Hands and Al-Mustafa Trust.<\/p>\n\n\n\n

    Indus Hospital<\/em><\/p>\n\n\n\n