Faysal Bank has signed a Memorandum of Understanding (MoU) with Pakistan Academic Consortium (PAC) for the provision of loans at special rates to teachers. Pakistan Academic Consortium (PAC) is the fastest-growing academic alliance operational across the country.

This collaboration will allow Teachers and staff working with Schools, Colleges & Universities to get Cheap loans for housing at special rates from Faysal Bank under ‘Faysal Tabeer’.

The MoU was signed by Nasir R. Zaidi, Founder President PAC and Yasser Ahmed, Head – Sales Transaction Banking represented Faysal Bank.

On this occasion, Fahad N. Siddiqui, Gen. Secretary PAC said:

We are extremely excited to launch this initiative in partnership with Faysal Bank and look forward to supporting the educational fraternity’s economic well-being in all possible means.

While responding to a question, PAC Founder President Nasir R. Zaidi stated:

The realization of dreams has begun in Pakistan, now teachers i.e. future makers of country could become home owners by availing financing facility under this scheme with lowest installment plans. PAC is fortunate to be on board with Ministry of Federal Education & Professional Training and National Curriculum Council (NCC) for implementing Single National Curriculum across country. We believe uniform education system is the need when equal opportunities for all makes sense. Likewise, we appreciate Prime Minister Imran Khan’s vision to provide own house to everyone and certainly private sector banks are playing vital role in this cause.

On this occasion, Salman A. Khan (EVP Transaction Banking) and Taab A. Khan (AVP Transaction Banking) were also present.

Faysal Bank is one of the largest Bank in Pakistan with a sizable branch network of 550 branches across country placing it amongst significant players in Pakistan’s banking industry.

Faysal Tabeer is the bank product that provides convenient and affordable options for financing needs and Schools/university staff will now have an opportunity to buy a house/apartment or opt for construction/renovation finance in a complete Shariah-compliant way using Diminishing Musharakah mode of financing.

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