National Bank of Pakistan designated branches to remain open today to facilitate successful applicants of Prime Minister’s Youth Business Loan Scheme

Karachi, May 16, 2014 (PPI-OT): All NBP designated branches for Prime Minister’s Youth Business Loan (PMYBL) Scheme will remain open on Saturday, May 17, 2014. The candidates of the first balloting which was held in Islamabad on February 28, 2014 have already been intimated through calls and SMS. Offer letters have also been dispatched to the successful applicants.

However, in order to facilitate the process, the applicants are requested to contact their respective designated hub branches for collection of their offer letters, if not received already, and for completion of required documentation. The branches have been directed to facilitate all successful candidates of the first balloting.

The total of 5,350 came out successful in the first balloting. From AJK, Baluchistan, KPK and Sindh 75, 73, 670 and 342 respectively were sent for balloting and all candidates came out successful in balloting. While in Punjab 4,782 cases and in Islamabad 135 cases were sent for balloting from which 4,085 and 105 respectively came out successful.

National Bank of Pakistan has made substantial progress towards launching this landmark scheme. This initiative presents a huge potential for assisting the economic progress of any country, catalyst for which remains channelizing of adequate financing towards this credit starved segment of population. NBP believes that the subject scheme will prove to be such catalyst for sustainable economic growth of the country.

For more information, contact:
Syed Ibne Hassan
Vice President / Divisional Head (A)
National Bank of Pakistan
Corporate Communication and Brand Management Division
Head Office, NBP Building, I.I. Chundrigar Road,
Karachi, Pakistan
Tel: 021-99220773
Cell: 0300-8202184
Fax: 021-99212734
Email: [email protected]