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U Microfinance Bank & CDA join hands to plant the largest Miyawaki Forest in Islamabad

U Microfinance Bank in collaboration with the Capital Development Authority (CDA) led a tree plantation drive on 6th August, 2021 in I-8 Kachnar Park Islamabad. The plantation took place on approximately 1.5 acres of land and consisted of 6000 trees making it the largest Miyawaki Forest in Islamabad.

The U Bank team strives to be a triple bottom line company, with “People, Plant and Profit” being at the center of all our efforts. This marks the third year that U Bank has played its part in conserving and protecting our environment. The initiative is part of U Bank’s larger vision as a company to work towards reducing its carbon and waste footprint as well as introducing a suite of products that encourage climate resilience.

Named after the famous Japanese botanist Akira Miyawaki, the Miyawaki method is a forest regeneration technique that aims to recreate self-sustaining, multilayered indigenous forests on degraded land with little to no human intervention. Addressing the gathering U Bank’s President & CEO, Mr. Kabeer Naqvi said “Tree plantation is not just a feel good exercise rather it is a necessity, the urgent need of the hour. Planting of trees is especially important to protect our environment against air pollution and global warming. I am happy to see the high enthusiasm of our volunteers who have been actively involved in organizing our tree plantation campaigns. We hope to keep this tradition and effort alive in the future.”

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ABOUT U BANK

U Microfinance Bank Ltd. (U Bank) is a wholly owned subsidiary of Pakistan Telecommunication Company Limited (PTCL) – Etisalat Company. The bank has a network of more than 250 branches, across 210 cities and rural areas in Pakistan and offers a wide range of microfinance loans, deposit products, and branchless banking solutions. U Bank’s branchless banking offers services under the banner of U Paisa in collaboration with Ufone (Pak Telecom Mobile Limited). The service is offered at nearly 50,000 agent locations across Pakistan.

U Microfinance Bank is proud to be at the front line of fighting poverty in Pakistan and is dedicated to play its critical part in the implementation...
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