The UBL is keeping its eight branches in the UAE open in the evening, seven days a week for remittance so that workers who are living in labour camps, away from the city, can also benefit from the scheme on their weekly holiday, Mir said. The remittance service is completely free of charge and the amount sent to Pakistan is delivered confidentially at the receiver's doorstep, he said. The UBL is the first Pakistani bank in the UAE to introduce such a facility in a big way. As an incentive, the bank is processing the loan without any fee and is charging reduced interest rates on the loan. It is also offering to take over the loan from other banks, Mir said.
Post office is one of the unrecognized jewels in the government sector.
It has 48,000 employees delivering millions of letters at no burden to the tax-payer, as the post office is a profitable institution. The oil and gas sector of Pakistan is very attractive for the domestic financial industry, as it boasts a culture where ownership is divorced from professional management thereby creating complete transparency and accountability. Furthermore Pakistan has 50 years professional management and engineering experience in the sector and there is easy and well-documented access to value added technologies. The sector also offers extremely high returns, which can be in foreign exchange. Also the growth through value-added petroleum product exports will increase domestic savings pool, just like Nigeria and Indonesia.