Lift ban on new cooperative societies
PPCBL President Maqsood Qadir Shah highlights problems facing its organization
Says the bank entering arena of e-banking very soon
By Azhar Bukhari
TO facilitate the poor working class in its true sprit, Punjab government will have to lift ban on registration of new cooperative societies.
President Punjab Provincial Cooperative Bank Ltd (PPCBL) and Registrar Cooperatives, Maqsood Qadir Shah said this in an exclusive talk with The Post.
He maintained that cooperative societies were pivotal to provide relief to the laborers particularly women working class at small and medium industry. He added that the PPCBL had requested Punjab Government to revive the policy granting the permission for new cooperation societies.
Maqsood Shah has joined PPCBL in December 2008, at a time when the organization was at its merge. But Shah worked hard to get the organization back on rail. Shah informed that at present, the bank is providing loans of Rs 5 billions annually to the low-class workers and has outstretched its role as a micro-finance institution within its existing cooperative fold and Scheduled Bank character, quite successfully. He added that the bank has extensive network of 159 Branches spread all over Punjab at grass root level.
The PPCBL president determined to improve socio-economics conditions of persons of humble means through the principles of cooperative and to promote Self-help and mutual aid.
He was very candid when he said, “I have joined the bank accepting the challenge to get it back on rails, and I will continue to take each and every step in this regard”.
He said, in line with the directions of State Bank of Pakistan (SBP) and policy of the Government of the Punjab, the PPCBL is entering the arena of e-banking facilities for their clients. Much awaited task is near completion after that PPCBL will serve its clients in a better way, he added.
Shah said that the PPCBL is providing interest free loan for purchase of tractors to the members of cooperative societies in ‘Barani’ areas. He told that the bank is disbursing more than Rs 5 billion per annum to small farmer members of cooperative societies, adding that the bank has provided loans of Rs 2500 million for kharif crop 2009.
He said that the issuance of loans, Cooperative department is also playing a vital role for providing residential facilities to its members in housing sector.
Shah said that utmost efforts were made for protection of the benefits of the members of cooperative societies so that more and more people may enter in cooperative movement to improve individual and national economic conditions.
He told that the PPCBL has disbursement Rs 2.396 billion loans to 107,002 small farmers for Rabi 2008-09 across the province. Registrar Cooperatives Maqsood Q Shah said that the loans have been disbursement among small farmers following the direction from the government and the State Bank of Pakistan.
He maintained that the bank has shown 90 per cent recovery which is a record itself. He said that it had provided loans of Rs 20,000 to Rs 200,000 to women in cooperative societies. The bank give due priority and facilitate women willing to establish industrial homes, Bakeries, Poultry farms, Livestock and Beauty Parlors.
Shah said that PPCBL has also disbursed loans to the industry workers for low-cost housing units.
Profile:
Maqsood Qadir Shah is known as a very quite and cool administrator. Prior to taking charge as President Punjab Provincial Cooperative Bank Ltd, Shah has served in Lahore Tourism department at the key post. He started his professional career in 1987 after passing his PCS Executive examination when he was appointed Magistrate class 1 in Sheikhopura.
PPCBL President Maqsood Qadir Shah highlights problems facing its organization
Says the bank entering arena of e-banking very soon
By Azhar Bukhari
TO facilitate the poor working class in its true sprit, Punjab government will have to lift ban on registration of new cooperative societies.
President Punjab Provincial Cooperative Bank Ltd (PPCBL) and Registrar Cooperatives, Maqsood Qadir Shah said this in an exclusive talk with The Post.
He maintained that cooperative societies were pivotal to provide relief to the laborers particularly women working class at small and medium industry. He added that the PPCBL had requested Punjab Government to revive the policy granting the permission for new cooperation societies.
Maqsood Shah has joined PPCBL in December 2008, at a time when the organization was at its merge. But Shah worked hard to get the organization back on rail. Shah informed that at present, the bank is providing loans of Rs 5 billions annually to the low-class workers and has outstretched its role as a micro-finance institution within its existing cooperative fold and Scheduled Bank character, quite successfully. He added that the bank has extensive network of 159 Branches spread all over Punjab at grass root level.
The PPCBL president determined to improve socio-economics conditions of persons of humble means through the principles of cooperative and to promote Self-help and mutual aid.
He was very candid when he said, “I have joined the bank accepting the challenge to get it back on rails, and I will continue to take each and every step in this regard”.
He said, in line with the directions of State Bank of Pakistan (SBP) and policy of the Government of the Punjab, the PPCBL is entering the arena of e-banking facilities for their clients. Much awaited task is near completion after that PPCBL will serve its clients in a better way, he added.
Shah said that the PPCBL is providing interest free loan for purchase of tractors to the members of cooperative societies in ‘Barani’ areas. He told that the bank is disbursing more than Rs 5 billion per annum to small farmer members of cooperative societies, adding that the bank has provided loans of Rs 2500 million for kharif crop 2009.
He said that the issuance of loans, Cooperative department is also playing a vital role for providing residential facilities to its members in housing sector.
Shah said that utmost efforts were made for protection of the benefits of the members of cooperative societies so that more and more people may enter in cooperative movement to improve individual and national economic conditions.
He told that the PPCBL has disbursement Rs 2.396 billion loans to 107,002 small farmers for Rabi 2008-09 across the province. Registrar Cooperatives Maqsood Q Shah said that the loans have been disbursement among small farmers following the direction from the government and the State Bank of Pakistan.
He maintained that the bank has shown 90 per cent recovery which is a record itself. He said that it had provided loans of Rs 20,000 to Rs 200,000 to women in cooperative societies. The bank give due priority and facilitate women willing to establish industrial homes, Bakeries, Poultry farms, Livestock and Beauty Parlors.
Shah said that PPCBL has also disbursed loans to the industry workers for low-cost housing units.
Profile:
Maqsood Qadir Shah is known as a very quite and cool administrator. Prior to taking charge as President Punjab Provincial Cooperative Bank Ltd, Shah has served in Lahore Tourism department at the key post. He started his professional career in 1987 after passing his PCS Executive examination when he was appointed Magistrate class 1 in Sheikhopura.
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