PRCS and HBL ink MoU for Cash Disbursement Services

ISLAMABAD, [8th November 2023]: In a significant development aimed at providing crucial support to vulnerable communities across Pakistan, the Pakistan Red Crescent Society (PRCS) and Habib Bank Limited’s branchless banking platform Konnect have formalized a comprehensive framework agreement for Cash Disbursement Services (CDS).

A high-level delegation from Habib Bank Limited Konnect, met with Chairman PRCS, Sardar Shahid Ahmed Laghari, at the PRCS national headquarters to formalize this vital partnership.

The framework agreement, signed by Chairman PRCS, Sardar Shahid Ahmed Laghari, and Mr. Agha Israr Ahmed, National Sales Head HBL Konnect, outlines the collaborative effort in providing crucial payment and disbursement services to PRCS. Under this agreement, PRCS will facilitate payments through the bank to duly registered beneficiaries following the established Beneficiary Registration Procedure.

Chairman PRCS, Sardar Shahid Ahmed Laghari, emphasized the critical juncture Pakistan faces due to climate-induced disasters and economic challenges, impacting livelihoods across the nation. The Cash Assistance program initiated by PRCS aims to provide vital support to the most deserving and vulnerable members of society, fostering a return to normalcy in their lives. “Our commitment to vulnerable communities is unwavering, and this new partnership underscores our dedication to delivering services to those in need with utmost enthusiasm,” he remarked.

Additionally, Chairman Laghari highlighted PRCS’s ongoing efforts to strengthen the Cash Assistance Program, emphasizing the focus on forging more partnerships to efficiently extend the program’s services to vulnerable communities.

The partnership between PRCS and Habib Bank Limited reflects a shared vision to address pressing challenges and contribute to the betterment of society. It serves as a testament to the unwavering dedication of both organizations to make a positive impact on the lives of vulnerable individuals and communities throughout Pakistan.

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