Trade Chronicle Sep-Oct 2015
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TRADE CHRONICLE<br />
Banking & Insurance News<br />
NBP in process of adding<br />
Money Gram as another<br />
remittance tie-up<br />
National Bank of Pakistan (NBP) and<br />
Money Gram formally shared the<br />
documents for finalising agreement to<br />
enter Money Gram as another<br />
important tie-up of NBP. The sharing<br />
agreement documents ceremony was<br />
held in NBP Exchange Company.<br />
This new addition in NBP tie-ups will<br />
help to meet the demands and<br />
changing market dynamics of<br />
remittances across world and<br />
specially Gulf Market.<br />
Khalid Bin Shaheen, SEVP/Group<br />
Chief, Global Home Remittances<br />
Management Group said that in<br />
Pakistan's economy Home<br />
Remittance is the second largest<br />
source of foreign exchange after<br />
export therefore remittances play an<br />
important and centric role in Pakistan<br />
economy and National Bank of<br />
Pakistan is one of main and key force<br />
Wahab, Managing Director (A) of NBP Exchange Company and Reza Samad<br />
Money Gram's Country Head for Pakistan and Afghanistan sharing documents<br />
to finalize an agreement. Khalid Bin Shaheen, SEVP/Group Chief, Global Home<br />
Remittance Management Group also present.<br />
behind the remittances. He further<br />
said, NBP having the most penetrated<br />
network in Pakistan, providing<br />
comprehensive domestic distribution<br />
of remittances to beneficiaries across<br />
Pakistan. A number of renowned<br />
international exchange houses and<br />
money transfer companies from<br />
across the world, including the Middle<br />
East, Europe, Asia-Pacific and<br />
America, have been using our services<br />
with utmost trust and satisfaction.<br />
NBP launches<br />
Bancassurance product<br />
in Karachi, Lahore<br />
National Bank of Pakistan (NBP)<br />
launched Bancassurance product in<br />
collaboration with State Life<br />
Insurance Corporation of Pakistan<br />
(SLIC) and GBA Services Ltd<br />
recently in Karachi and Lahore.<br />
Mudassir H. Khan - SEVP/Group<br />
Chief, CRBG, NBP, Izqar Khan<br />
Executive Director (SLIC), Gian<br />
Chand Kewalramani, Head<br />
Bancassurance (SLIC) and<br />
Muhammad Naseem Rawther CEO,<br />
GBA Ltd. graced the occasion.<br />
NBP had signed a tripartite<br />
agreement with SLIC and GBA<br />
Services (Private) Limited for<br />
Bancassurance products and<br />
services. The agreement was inked<br />
for the distribution of insurance<br />
products<br />
through NBP<br />
branches and<br />
SLIC will<br />
p r o v i d e<br />
insurance risk<br />
cover, products,<br />
services and<br />
benefits.<br />
Mudassir H.<br />
Khan - SEVP/<br />
Group Chief, CRBG-NBP said that<br />
NBP will act as a distributor for<br />
Bancassurance products through<br />
NBP branch network and introduce<br />
a cross sales culture throughout the<br />
organisation.<br />
<strong>Trade</strong> <strong>Chronicle</strong> - <strong>Sep</strong>tember - <strong>Oct</strong>ober <strong>2015</strong> - Page # 29
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