Daska, Pakistan – In an effort to promote financial literacy and encourage the use of official remittance channels, Faysal Bank Limited (FBL), one of Pakistan’s leading Islamic financial institutions, hosted a community-focused awareness event in Daska under its ongoing Faysal Islami Remittance Agahi Programme. The initiative is part of the bank’s broader mission to support the national economy and advance financial inclusion by educating the public on the significance of regulated remittance systems.
The awareness session was attended by a large number of local residents, many of whom have family members working overseas and rely heavily on remittances. Senior representatives from Faysal Bank, including Ms. Yaquta Marvi, Head of Business Development for Remittances, participated in the event and directly engaged with the attendees to highlight the benefits of receiving remittances through legal, documented channels.
Speaking at the event, Faysal Bank representatives stressed how formal remittance channels not only provide enhanced safety and speed in money transfers but also contribute directly to strengthening Pakistan’s foreign exchange reserves. By using regulated routes, overseas Pakistanis and their families can avoid the risks associated with informal networks, which often lack transparency and security.
The Faysal Islami Remittance Agahi Programme is closely aligned with national efforts to reduce reliance on informal financial flows and improve economic stability. Participants at the event were also informed about various government-backed incentives that encourage the use of official channels for remittances, such as transaction bonuses and preferential exchange rates.
The event marks another step in Faysal Bank’s consistent drive to support economic resilience by boosting remittance inflows through transparent means. It is part of the Bank’s long-term financial inclusion agenda, aiming to bring marginalized and underserved populations into the formal economy through education, accessibility, and innovative services.
Mr. Yousaf Hussain, President and CEO of Faysal Bank, emphasized the critical role that remittances play in the country’s economic outlook. “With Pakistan’s remittance inflows projected to surpass $37 billion in the fiscal year 2025, initiatives like the Faysal Islami Remittance Agahi Programme are essential to shifting public behavior. We are committed to empowering communities with knowledge and tools to receive funds securely, and to supporting our national economy by encouraging transparent and efficient remittance practices,” he stated.
He added that public education is key to transforming financial habits and increasing trust in the formal banking system. Faysal Bank’s focus remains on not just providing services, but also building awareness and trust among customers through continuous engagement and outreach.
The bank’s Tez Tareen Remittance service, which operates under the umbrella of this initiative, is available across the country and provides fast, reliable, and Shariah-compliant remittance solutions.
With remittances forming a vital lifeline for millions of Pakistani households, especially in semi-urban and rural areas like Daska, programs such as these highlight the importance of integrating financial education with service delivery. Faysal Bank’s efforts are a testament to the evolving role of modern banks in not only serving customers but actively contributing to national development and economic security.