SINDH ENTERPRISE DEVELOPMENT FUND (SEDF) AND BANK OF PUNJAB (BOP) SIGNED INSTITUTIONAL COLLABORATION AGREEMENT

Karachi  : In a momentous stride towards advancing economic development and fostering strategic partnerships, the Sindh Enterprise Development Fund (SEDF) and the Bank of Punjab (BOP) signed a landmark Institutional Collaboration Agreement.

Distinguished dignitaries gracing the occasion include, Mr. Mureed Rahimoon, Secretary Investment Department, Government of Sindh, Mr.Khizar Pervaiz: CEO- Sindh Enterprise Development Fund (SEDF) and Mr. Zafar Masud-CEO Bank of Punjab (BOP).

This collaboration signifies a strategic alliance aimed at leveraging the collective strengths and expertise of SEDF and BOP. By combining resources and knowledge both entities aspire to create a conducive environment for the growth of SMEs, attract investments, and drive economic prosperity in the Sindh region.

Mr. Mureed Rahimoon added, “This collaboration is a significant step towards fostering economic growth in Sindh. By uniting the public and private sectors, we can amplify our impact and create a sustainable foundation for long-term development.”

Mr. Khizar Pervaiz, CEO of SEDF, expressed his anticipation for the collaboration, stating, “This agreement is a testament to our commitment to catalyze economic growth in Sindh. By partnering with the Bank of Punjab, we aim to unlock new opportunities and contribute to the sustainable development of SMEs in the region.” In addition, He also highlighted that SEDF is dedicated to providing markup subsidy to Small and Medium Enterprises (SMEs) as part of its efforts to support and incentivize the growth of these vital contributors to the local economy.

Mr. Zafar Masud, CEO of Bank of Punjab, echoed this sentiment, saying, “Our collaboration with SEDF aligns with our mission to be a driving force for economic development. Together, we will work towards creating an ecosystem that nurtures innovation and supports the growth of businesses.”

This collaborative endeavor marks a milestone in the pursuit of economic growth and prosperity for the Sindh region. SEDF and BOP remain committed to driving positive change, fostering innovation, and creating an environment where businesses can thrive.