We believe that a nation’s progress is relative to the level of its investment in education. We realize our responsibility to contribute significantly to help impart quality education to the young men and women of our society who may have financial constraints. Allied Bank has been furthering the cause of education through sponsorships and donations to leading educational institutions.
Some of the noteworthy contributions made during 2012 are:
- Institute of Business Administration (IBA)
- Karachi School for Business & Leadership
- Namal Education Foundation
- Kaghan Memorial Trust
- Sargodhian Spirit Trust
Some of the other contributions in shape of sponsorships were made to Lahore Grammar School, Beaconhouse School System, GC University Lahore, Szabist University and the Faran Writers’ Guild.
It would be fair to say that the field of sports has been one key area which earns a country enormous amount of respect worldwide and also acts as a major source of forming favorable perception on international level. A few of Pakistani sportsmen and sportswomen have made their mark in sporting history and record books.
Allied Bank believes that contribution towards Sports is an investment in our talented youth. The Bank has been a regular contributor towards promotion of various prominent sports including Golf, Polo and Cricket.
Considering our responsibility towards our valued shareholder for effective utilization of resources and energy crises being faced by the Country, the management of the Bank is actively pursuing ways to conserve energy without compromising on customer service and efficiency. Areas under focus of the management include:
- Maximum possible controls over the consumption of energy with strict emphasis on energy conservation across the Bank;
- In-depth study of alternate or renewable energy solutions like solar energy and explore its possible usage as additional source of electricity;
- Usage of energy conserving Light Emitting Diode (LED) based lighting instead of conventional lighting sources; and
- Maintaining acceptable temperatures in buildings (by heating and cooling) uses a large proportion of global energy
consumption. All new buildings of the Bank are being well insulated to reduce heating and cooling requirements. It is not only energy-efficient but also provides uniform temperature throughout the building.
Environmental Protection Measures
Prevailing energy crises in the country has led to much higher usage of generators, which not only produce noise pollution but also adds harmful carbon-dioxide and carbon mono-oxide to the environment. Management of the Bank is evaluating the use of inverter technology to replace the use of generators, so that their harmful effects on the environment can be mitigated.
Employment of Special Persons
Allied Bank is an equal opportunity and affirmative action employer, in its true spirit. We encourage minorities, females and also the special persons to apply for jobs in the Bank. At Allied Bank, special persons are not discriminated on the basis of their handicaps. On the contrary, special persons are encouraged and are selected on merit. Allied Bank is fully compliant of the law related to the statutory requirements regarding the hiring of special persons.
Occupational Safety & Health
Recognizing the responsibility of safety of our valued staff members, whose efforts are translated as healthy return
to our shareholders, ABL has instituted group life insurance along with medical reimbursement. Moreover, all sites of the Bank are fitted with fire extinguishers and fire hydrant system is deployed at multi-story buildings. Mock firefighting drills are carried out to enhance the co-ordination of the staff members and also to ensure prevention of human losses in case of an actual event.
Contribution to National Exchequer
During the year Allied Bank has directly contributed Rs 6.2 billion and acting as an agent of the Federal Board of Revenue Rs 4.3 billion on account of withholding income tax and Rs 339 million on account of Federal Excise Duty to the national exchequer.