Home »Money and Banking » Pakistan » ABL holds awareness seminar on corporate structure
Allied Bank's Commercial & Retail Banking Group (CRBG) North II and Risk Management Group (RMG), jointly organized an awareness seminar recently at Rawalpindi on "Transition from family owned structure to corporate structure" which was attended by a large number of valued obligors and trade customers with diverse business backgrounds from Islamabad, Rawalpindi, Wah and Chakwal Regions. Besides Prof Wasif M Khan, the guest speaker, the senior officials from SBP BSC (Bank) Rawalpindi were also present at the occasion.

From bank's side, Shahid Amir - Chief CRBG, Aizid Gill - Chief RMG, Ahmad Mansoor - Chief Compliance, Group Heads Jamil Khan, Tahir Hussain Bakhtiaree, Faiza Asim along with other Group and Regional Heads as well as the concerned DBG, RMG and CRBG staff participated in the event.

The objective of the seminar was to apprise the participants with the opportunities available in Pakistan towards transition of family owned entities into corporate structure and elaboration of feasible ways for evolution and growth of corporate structure by the means of financial inclusion, tax payments, and hiring of skilled labor and professionals.

The key features of the corporate structuring and benefits of the corporate structuring based on the experience of successful corporate entities which were converted from family owned business were also elaborated to the audience.

Ahmad Mansoor, Chief Compliance briefed the participants on compliance and regulatory requirements for KYC / CDD / EDD / FATF and AML, etc. Moreover, audience was also apprised on the Bank's Digital Banking Products providing banking solutions to the people from the ease of their homes. A Q&A session followed the presentation in which the queries raised by the audience were addressed to their satisfaction.-PR

Copyright Business Recorder, 2019


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