JS Bank Supports Entrepreneurs Through Szabist Partnership

30th October – Karachi:JS Bank has joined hands with Shaheed Zulfiqar Ali Bhutto Institute of Science & Technology (SZABIST), a leading educational institution to support graduating students in their quest for becoming potential entrepreneurs by availing the JS Prime Minister Youth Business Loan (PMYBL) scheme.

This partnership will enable aspiring students of SZABIST to avail financing for start-ups or an established business, at a highly subsidized mark-up rate of 6% per annum. Students or Alumni aging between 21 & 45 years, with entrepreneurship and business management skills imparted through SZABIST, are eligible to apply for the scheme.

Reflecting on this alliance, Babbar Wajid, Head of Product Development & Business Management at JS Bank, stated, “Through this partnership, we aim to open doors to entrepreneurship for young individuals. I am positive that this is just the start to something much bigger and that we can bring about a change in the social & economic sectors of Pakistan.”

Emphasizing on the significance of entrepreneurship in promoting SMEs, Shahnaz Wazir Ali, President SZABIST,highlighted that in addition to teaching courses pertaining to Entrepreneurship, and a robust Student Society that is actively working to inspire and create entrepreneurs of tomorrow, SZABIST has launched a four-year BS Entrepreneurship degree program in 2017. This collaboration with JS Bank for the PMYBL Scheme will largely boost the entrepreneurial spirit among students through much-needed financial support.

JS Bank, one of Pakistan’s leading and fastest growing financial institutions is continually undertaking efforts to drive economic growth and development in Pakistan.

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About JS Bank:

JS Bank is one of the fastest growing banks in Pakistan, with 323 branches in 161 cities. The Bank also has an international presence and is a leading player in the digital banking space. JS Bank has received the prestigious award for Best Environmental and Social Governance Bank at the Pakistan Banking Awards 2017. The Bank is part of JS Group, one of the Pakistan’s most diversified and progressive financial services group. For more information, please visit http://www.jsbl.com.

About SZABIST:

Shaheed Zulfikar Ali Bhutto Institute of Science and Technology (SZABIST) is a fully Chartered Institute established through a Legislative Act of Sindh Assembly (Sindh Act No. XI of 1995) and is approved and recognized by Higher Education Commission (HEC), Pakistan, as a degree awarding institution. SZABIST comprises five campuses located in Karachi, Hyderabad, Larkana, Islamabad and Dubai with a current student population of over 11,000. SZABIST has proudly awarded degrees to over 13,000 talented graduates.

The agreement between JS Bank and Szabist was signed between Babbar Wajid – Head of Product Development & Business Management and Shahnaz Wazir Ali, President SZABIST in the presence of the team members from both organizations.