QUETTA: The National Bank of Pakistan (NBP) in collaboration with Habib Bank is planning to invest Rs80 billion in a 1,200MW power generation project.

Speaking at an Iftar dinner on Thursday, NBP vice president Syed Ibn-i-Hasan said his bank had set aside Rs15 billion which would be loaned to jobless youths under the Prime Minister Youth Business Loan Scheme. A reasonable share of the amount had been kept for Balochistan, he added.

The NBP, he said, had received over 60,000 applications for loan.

He said under the corporate social responsibility policy, the bank had been extending financial assistance in health, education and sports sectors in the province.

Mr Ibn-i-Hasan said that NBP was going to purchase a bank to introduce Islamic banking service.

In reply to a question, he said after receiving complaints about technical faults in its ATMs, the bank was planning to install 1,200 new machines in the country so that people could draw cash without any difficulty.

Published in Dawn, July 4th, 2015

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