| Lahore: The Punjab Board of Investment and Trade (PBIT) is taking significant steps to validate bankable projects across various sectors by securing pre-credit approval letters from financial institutions. As part of this initiative, PBIT Chairman Muhammad Muntaha Ashraf held a strategic meeting with Allied Bank Limited (ABL) CEO Aizid Razzaq Gill at ABL’s head office, according to a press statement released Monday.
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The high-level meeting was attended by PBIT CEO Jalal Hassan, senior officials from both organizations, and ABL’s group head and chief risk officer. This collaboration aligns with the Punjab government’s broader efforts to identify and promote financially viable projects, making them more attractive to both domestic and international investors.
During the discussion, ABL CEO Aizid Razzaq Gill assured full support in assessing the feasibility of proposed projects. He emphasized the importance of robust financial validation to boost investor confidence and attract sustainable investment opportunities in Punjab.
The PBIT highlighted that securing pre-credit approval letters is a critical step in ensuring projects are financially sound, thereby enhancing their appeal to stakeholders. This process aims to drive economic growth and development in the province by encouraging transparent and credible financial models.
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With PBIT and ABL working together, Punjab is positioning itself as an attractive investment hub, fostering economic progress through strategic partnerships and well-validated projects. |
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