In a step toward enhancing financial access for government employees, Allied Bank Limited (ABL) has signed a memorandum of understanding (MoU) with the National Assembly Secretariat to offer easy-term loan facilities to employees of the National Assembly and Senate Secretariat. The agreement was formalized in a ceremony chaired by National Assembly Speaker Sardar Ayaz Sadiq in Islamabad.
This collaboration enables eligible employees to access financing for essential needs such as house construction, renovation, purchase, or acquisition of vehicles. The loan facilities will be disbursed through Allied Bank’s dedicated branch located within the Parliament House, ensuring direct and convenient access for beneficiaries.
During the signing ceremony, Speaker Ayaz Sadiq emphasized the significance of this initiative in supporting the financial wellbeing of low and mid-income employees working in the legislative institutions. He stated that such schemes are essential in helping hardworking staff achieve important life goals, including home ownership and vehicle acquisition—needs that are often difficult to meet without accessible financial solutions.
The soft loan facility is designed specifically for employees who maintain salary accounts with the Allied Bank Parliament House branch. This direct linkage is expected to facilitate streamlined processing, reduce bureaucratic delays, and ensure quicker disbursal of funds.
Sardar Ayaz Sadiq extended appreciation to the Secretary General of the National Assembly, the Additional Secretary, and the Adviser on Legislation, along with other officials who played a supervisory role in executing the partnership. He also acknowledged Allied Bank’s commitment and responsiveness in supporting the welfare of public sector employees.
For Allied Bank, this move reaffirms its ongoing focus on inclusive banking and customer-centric product development, especially for salaried segments that remain underserved in conventional credit markets. By aligning banking products with the financial needs of specific institutional groups, ABL is continuing to expand its footprint in public sector financial services while strengthening its social impact agenda.
The MoU sets a precedent for how commercial banks can engage constructively with public institutions to address structural gaps in credit access for lower-income employees. It also reflects the growing trend of banks using workplace-linked channels to offer customized financial services under more favorable terms.
This initiative comes at a time when the cost of living continues to rise, placing additional financial pressure on salaried employees. Providing them with affordable credit solutions is not only timely but necessary to maintain economic resilience among government workers.
As the financial sector evolves toward more inclusive and specialized banking solutions, the ABL–National Assembly collaboration illustrates a practical and replicable model for facilitating financial empowerment through institutional cooperation. Such initiatives also play a role in boosting formal financial inclusion, particularly among segments that often face hurdles in accessing competitive loan products from mainstream banking channels.