Allied Bank (Islamic Banking Group) and the Lahore Development Authority (LDA) signed a Memorandum of Understanding (MoU) at Allied Bank’s Head Office in Lahore. The agreement aims to facilitate Cash Collection and Management Services for the LDA Urban Development Wing, Sports Complex, and Schools.
As part of the initiative, Allied Bank will offer on-site banking services to LDA stakeholders through the setup of a banking booth and the installation of an ATM at the LDA Johar Town premises. This effort reflects ABL’s commitment to delivering accessible and efficient banking solutions to institutional clients.
The ceremony was graced by senior representatives from both organizations. From Allied Bank, the attendees included:
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Mr. Muhammad Idrees, Chief – Islamic Banking Group
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Mr. Imran Farooqui, Chief – Branch Services Group
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Mr. Sohail Aziz Awan, Chief – Digital Banking Group
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Mr. M. Tabrayz Agha, Chief – Real Estate Investment Group
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Mr. Raashed Rauf Shaikh, Group Head – Islamic Banking
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Mr. Imran Aslam, Business Head – Islamic Banking
From the LDA side, the officials present were:
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Mr. Ali Arif, Director Finance
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Mr. Syed Habban M. Subhani, Deputy Director Finance
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Mr. Syed M. Omer, Assistant Director Finance
This collaboration is part of Allied Bank’s broader strategy to deliver tailored banking services to government institutions and contribute to financial inclusion through innovative, customer-focused solutions.