Education
Investment in education is of paramount importance to enable the progress of our country. Therefore, significant contributions are being made towards imparting quality education to the bright young men and women of our society. The Bank has been furthering the cause of education by sponsorships and donations to leading educational institutions as well as those run on Non-profit basis.
National Management Foundation (LUMS) and Institute of Business Administration (IBA) have been two key beneficiaries of our Donations Policy. Some of the noteworthy contributions during 2013 include:
- Suleman Dawood School of Business (LUMS)
- Institute of Business Administration (IBA)
- Karachi Education Initiative
- Custom Public School
- Namal Education Foundation
- Pak-Turk Schools and College
- Tehzeeb Social Welfare Organization
Health
The Bank has been contributing substantial amounts to leading healthcare institutions over the years, including the following beneficiaries in 2013:
- Al Mustafa Trust
- Bakhtawar Amin Memorial Trust
- Tameer Welfare Organization
- Shaukat Khanum Memorial Cancer Hospital
Sports
Sports has been one key area which enables any country to gain enormous respect in the world and also act as a catalyst for forming favorable perception on international level – probably more than any other field. The country has produced a large number of sports personalities and the Bank realizing its responsibility towards sports promotion, has made substantial contributions towards promotion of various sporting activities within the society.
The Vintage & Classic Car Club of Pakistan (VCCCP) organized a car rally from Karachi to Islamabad during the latter part of the year, which was sponsored by Allied Bank. The key objective of the rally was to project Pakistan‘s softer image to the outside world. The Bank also sponsored a number of other sporting events during the year, including a Polo tournament in Lahore and golf tournaments in Karachi, Islamabad and Faisalabad.
Assistance in Calamity Hit Areas
The Bank has always answered the call in times of crises on national level, be it the earthquake of 2005 in the northern areas of Pakistan, the floods in 2010 or the devastating rains that crippled the agri sector of Sindh in 2011 while rendering a large population of the province homeless. Following the devastating earthquake in Balochistan that killed hundreds and rendered thousands homeless, Allied Bank contributed Rs. 10 million to the Prime Minister’s Earthquake Relief Fund for Balochistan.
Energy Conservation
As part of our commitment towards energy conservation and alternate energy solutions, 1st green energy Solar based branch was established by the Bank during the year. Similar Solar based and Inverters based energy solutions were installed at other locations as a pilot project to analyze cost benefits and based on the results further installations
would be carried out going forward.
Employment of Special Persons
The Bank is an equal opportunity and affirmative action employer, in its true spirit. We encourage minorities, females and also the special persons to apply for jobs in the Bank. Special persons are not discriminated on the basis of their handicaps. Female employment ratio has reached 13% in 2013, reflecting Your Bank’s continuous commitment towards gender equality.
Occupational Safety & Health
Recognizing the responsibility of safety of our valued staff members, the Bank has instituted group life insurance along with medical reimbursement. Moreover, all sites of the ABL are fitted with fire extinguishers and fire hydrant systems at multi-story buildings. Mock fire-fighting drills are regularly carried out to enhance the coordination of the staff members and ensure that losses in case of an actual event are minimal.
Contribution to National Exchequer
During the year Allied Bank has directly contributed Rs 4.1 billion and acting as an agent of the Central Board of Revenue Rs 5.1 billion on account of withholding income tax and Rs 389.5 million on account of Federal Excise Duty to the national exchequer.
