The Chairman of Bank Alfalah, His Excellency Sheikh Nahayan Mabarak Al Nahayan and the Board of directors has approved an additional PKR 1.4 billion, equivalent to USD 5 million, to help rebuild communities devastated by the 2025 floods. This latest commitment brings the Bank’s total contribution towards comprehensive flood relief and rehabilitation since the 2022 floods to USD 15 million, highlighting its sustained efforts to support communities following catastrophic climate events.
The announcement was made by Atif Bajwa, President and Chief Executive Officer of Bank Alfalah, during a press conference held in Karachi.
“At Bank Alfalah, we aspire to be more than a financial institution; we are a caring bank,” said Atif Bajwa. “We are deeply grateful to our Chairman and Board for this generous pledge. It reflects our shared belief that rebuilding lives and strengthening climate resilience is the way forward for a sustainable Pakistan.”
The newly announced funds will be channeled through a network of partners to restore infrastructure, rebuild livelihoods, and enhance resilience across impacted areas of Pakistan. The initiative includes a multi-input development program focusing on housing, education, health, and climate-smart agriculture to support sustained rehabilitation.
The 2025 floods have compounded the climate challenges Pakistan has faced since 2022, when 33 million people were affected nationwide. Despite extensive aid efforts, more than eight million displaced people continue to struggle with health and housing insecurity.
Following the 2022 disaster, Bank Alfalah launched a USD 10 million response plan implemented in two phases of immediate relief and long-term rehabilitation in flood impacted areas. The Bank has since worked with more than 25 partner organisations, including Akhuwat Islamic Microfinance, The Citizens Foundation, Karachi Relief Trust, and the Aga Khan Development Network, focusing on rebuilding homes, schools, and essential services while promoting financial inclusion and agricultural recovery.
Beyond its community outreach, Bank Alfalah has provided PKR 500 million in direct financial assistance to 479 colleagues whose homes and assets were lost to the floods, demonstrating its internal culture of care.
The Bank’s new allocation comes amid the 2025 monsoon crisis that has hit Pakistan hard. According to UNICEF, 946 lives have been lost, including 255 children, and more than 1.5 million people have been displaced.
This latest gesture by the Chairman and Board of Bank Alfalah reaffirms the strong bond between the UAE and Pakistan, hence showcasing Bank Alfalah’s enduring dedication to sustainable corporate social responsibility.
Media Contact:
Madiha Javed Qureshi
Head of Corporate Communications
Talha Hyder
Manager Corporate Communication [email protected]
