BOK, Saudi company sign MOU to support businesses through supply chain finance platform
In a significant move towards promoting SME financing and economic development in Pakistan, the Bank of Khyber (BOK) has joined hands with Fauree Tech Pvt Ltd to establish a collaboration through a supply chain financing agreement.
The Memorandum of Understanding (MOU) was signed in a small ceremony held at the BOK Head Office in Peshawar. BOK was represented by Mr. Muhammad Ali Gulfaraz, MD & CEO, Mr. Sher Muhammad, Group Head of Conventional Banking, Mr. Nahman Qayum, Head of Corporate and Commercial Lending, and other senior executives of the bank. Fauree, on the other hand, was represented by Dr. Saleh Alamr, the Group CEO of Jawa Investments (based in Saudi Arabia) and Co-founder/board Member of Fauree, via a video conference from Saudi Arabia. Additionally, Mr. Nadeem Hussain, a Board Member, and Mr. Azhar Tasadduq, Co-founder & CEO, along with their team members Mr. Moiz Mehta and Mr. Sohaib Dar, were present on the occasion. Fauree, a renowned technology firm with a strong presence in the Middle East, Pakistan, and Africa has been successfully providing cutting-edge solutions across various industries. With its extensive reach and expertise, Fauree is uniquely positioned to contribute to the growth and development of SMES in Pakistan through this collaboration.
Joe Biden trips and falls during graduation ceremony
President Joe Biden tripped and fell after handing out the last diploma at a graduation ceremony at the US Air Force Academy in Colorado on Thursday, but got up quickly and walked back to his seat. The 80-year-old US president fell forward, caught himself with his hands, then got up on one knee while helped by three people. He walked back to his seat unassisted. After Biden was helped up, he pointed behind him, seeming to indicate that he had tripped over a sandbag used to hold the teleprompter in place. He mingled with other officials afterward, smiling and giving a “thumbs up” sign. Upon returning to the White House, Joe Biden joked to reporters, “I got sandbagged.” The fall came after a commencement address Biden delivered to a flag-waving audience.