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MD Pakistan Bait Ul Mal visit ICCI and seeks businessmen collaboration to strengthen social safety net in the country February 18, 2014
Meeting at ICCI
Pakistan Bait Ul Mal is working for poverty alleviation from the country by providing various social safety net services to vulnerable & under-privileged people and business community should collaborate with it on public-private partnership basis in its various projects for further strengthening the social safety net in the country and uplifting the people from poverty. This was said by Barrister Abid Waheed Sheikh, Managing Director, Pakistan Bait Ul Mal (PBUM) while addressing a large gathering of business community at Islamabad Chamber of Commerce & Industry.
He said he has adopted TEA formula to promote transparency, efficiency and accessibility in Pakistan Bait Ul Mal. IT integrated system and e-governance has been introduced to reduce human element from process to facilitate the needy people including those in need of urgent medical treatment. He said PBUM is running 11 different projects to provide various social safety services to orphans, widows, disabled and other needy persons. BUM has established 168 vocational schools for women empowerment and 157 national centers for rehabilitation of child labor while 22 more such centers are in the pipeline to provide free education. A Child Support Program is providing conditional monthly stipend of Rs.300 for education of children and 185000 beneficiaries are availing this facility. A Great Home project for old people has been started in Lahore and another one in Islamabad will be inaugurated in Islamabad to accommodate 25 old males and 25 females. PBUM is now disbursing a huge amount of Rs.14-million daily to the needy persons.
He said ICCI should identify most deserving people for Economic Revival Program of PBUM and help with feasibility studies while PBUM will provide financing to promote entrepreneurship as a means to involve them into the economic cycle of the country. He said business community is playing an important role in improving economy and they should also come forward to partner with BUM for social development of the country. He said he is taking no single penny from the government and enjoying no perks & privilege as he is working purely on honorary basis.
Speaking at the occasion, Shaban Khalid, President, Islamabad Chamber of Commerce & Industry appreciated the role of Barrister Abid Waheed Sheikh for bringing innovation and transparency in Pakistan Bait Ul Mal and said it is encouraging that government has appointed a dynamic and highly qualified professional from the private sector to lead Pakistan Bait Ul Mal. He appreciated the initiatives of Barrister Abid Waheed Sheikh to abolish Saturday as holiday from PBUM for facilitation of people and ensure delivery of cheque of medical treatment to concerned hospitals within 3-5 days which goes to show the confidence the current government has in the strengthen and capacity of the private sector.
He lauded the vital role of Pakistan Bait Ul Mal in combating the poverty and stressed that all enabled people should extend maximum cooperation and support to PBUM so that it could work more effectively to uplift the people from poverty and enable them to play a constructive role in our society. He said ICCI had donated wheel chairs to PBUM for disabled persons and reiterated that the Chamber would continue to extend its cooperation in its initiatives aimed at poverty alleviation.
Munawar Mughal, Vice President FPCCI in his address appreciated the government initiative to appoint young persons from private sector and hoped that they would curb corruption and bring more transparency & efficiency in public sector organizations. He said businessmen should collaborate with Pakistan Bait Ul Mal for eliminating poverty and enabling poor people to lead an honorable life.

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