UBL Launches NRP Banking for Overseas Pakistanis

Mr. Wajahat Husain, President & CEO, United Bank Ltd along with

Mr. Abrar Mir, Group Executive, Banking Products, UBL, Mr. Aameer Karachiwalla, COO-UBL and Ms. Maliha Anwer Khan, Head Wealth Management & NRP, UBL have launched bank’s new

innovative product – NRP Banking for non-residenace Pakistani in Karachi yesterday.

 

Mr. Wajahat Husain, President & CEO, UBL and and Ms. Maliha Anwer Khan, Head Wealth Management have presented salient feature of products, which is specially designed for Pakistani leaving aboard to avail all banking facility i.e. Deposit accounts, Signature (Priority) Banking, Car & Home Loans, Credit Cards, Mutual Funds, Internet and Mobile Banking and Access to Stock and Real Estate Markets etc.

 

UBL is presently handling inward remittance more than 85 % from Gulf countries.

 

“UBL‘s global network has given us the unique opportunity to offer, products and services that intrinsically suit the financial needs of Non-Resident Pakistanis”, Mr. Husain said at the event.  “With the launch of UBL NRP Banking Services, we are not only bringing a positive stimulus to the country’s economy but also doing our part in bringing Pakistan closer to our fellow countrymen residing overseas”.

 

UBL is known to be in the front line of offering state-of-the-art customized financial products and services, which cater to all segments of customers. In addition to the 1300 network of branches within Pakistan, UBL has an extensive branch network internationally covering the UAE, the GCC countries, Tanzania, China, Switzerland, UK and the USA where UBL has been serving the local communities as well as catering to the specific needs of the Non Resident Pakistani’s. Non Resident Pakistanis (NRP) or People of Pakistani Origin are a vital source of foreign exchange entering the country by way of remittances. As per recent statistics, more than 8 million Pakistanis are living aboard with Middle East, Europe and America being the major remittance originating regions which has made Pakistan the 7th large remittance market in the world.

 

A statement of banks says that to cater to the needs of the Non-Resident Pakistanis segment, UBL has launched “NRP Banking” and has become the first bank in Pakistan to provide a comprehensive suite of products specifically for Non-Resident Pakistanis (NRP). NRP Banking offers complete array of banking and investment services to Non-Resident Pakistanis – from deposits to Priority Banking services including investment services as well as a range of loans products – thereby making UBL the first bank which offers a holistic solution to the NRP’s banking and investment needs under one roof supported by UBL’s world class technology platform.

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