Al Karam Textile Mills Partners with U-Bank to Digitize Salary Disbursement

In a move to streamline salary disbursement of its workers from cash to
digital branchless banking solution, Al Karam Textile Mills Pvt Ltd (AKTM) has partnered with U Microfinance Bank Limited (U-Bank) to provide factory workers a fast, safe and convenient channel to
receive remuneration.

Speaking about this initiative, Mr. Zaid Kaliya, Chief Financial Officer, Al Karam Textile Mills stated “This partnership with U-Bank is a significant step towards bringing convenience to our employees, especially
the blue collar workers and daily wagers who previously had to wait hours in a queue to receive their wages in cash. With this facility of salary disbursements 1,500+ employees benefited from this service by
receiving their salary in a swift and timely manner.”

Ms. Ambreen Malik, Chief Business and Digital Officer U Microfinance Bank Limited added, “U Microfinance Bank aims to promote digital and branchless banking solutions to ensure our customers are able to benefit from a cashless and seamless banking experience. This partnership with Al Karam is another important step forward in furthering this mission.”

About Alkaram Textile Mills

The Alkaram Textile Mills was founded in March 1986 with a vision to be a provider of innovative textile solutions worldwide. Alkaram is a manufacturer and supplier of distinguished fabric for apparel, home and
industrial markets with clients all over the world. With a constructed area of over one million square feet, Alkaram has the capacity to fulfill small, medium and large scale orders and is one of the few vertically integrated operations in Pakistan.

For more information please contact:
Ali Hammad Jafri
Corporate Communications Department
Alkaram Textile Mills (Pvt) Ltd.

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