Lahore: According to press reports, Pakistan Banks Association (PBA) CEO Tawfiq Husain launched a strategic cooperation with prominent financial services and technology companies on Tuesday (October 26) to provide home loans to low-income people.

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The PBA has partnered with Credit Info Group, Tasdeeq, Pakistan Credit Rating Agency (Pacra), and Analytics, according to sources. According to reports, the PBA Technology Working Group, which includes the CEOs and members of Bank Alfalah, HBL, and Faysal Bank, as well as the CEO of PBA and a senior official of the State Bank of Pakistan, will oversee the alliance. The major market lenders will extend credit under the new accord.

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According to Credit info Regional Director Samuel White, the organisation will provide member banks with technical assistance and training to boost loan availability and distribution. Omar Khalid, CEO of Tasdeeq Group, stated that his organisation will assist banks in the creation of improved estimating models and scoring methods in order to better manage credit facilities for as many individuals as possible.

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