Alkaram, one of the biggest names in the textile industry, has partnered with ABHI, Pakistan’s first financial wellness platform, to offer its employees the facility of Earned Wage Access.
One of the leading players in textile with thousands of employees across the country, Alkaram is partnering with this revolutionary new venture, as employees’ financial wellness is paramount to the company, it said in a press release issued here on Wednesday.
This partnership will help the company in becoming one of the leaders in the global textile world, integrating vertical textile solutions with values and sustainability.
Speaking at the occasion, the CEO and Co-founder of ABHI Omair Ansari said, “We believe financial wellness and access to credit are basic human rights, which we aim to bring to all our customers.”
“We are glad to partner with Alkaram and look forward to a long-lasting relationship where employees can benefit and fight the rising inflation by getting access to their earned salaries at any time of the month,” he added.
Meanwhile, the Head of Human Resources of Alkaram Textile Mills Nizar Nooruddin said that the Introduction of the financial wellness platform, ABHI, has opened up an opportunity to unlock the potential of digital transformation in facilitating our employees’ financial wellness.
“Empowering our employees with convenience and freedom to manage their emergent needs within no time is unmatched in today’s corporate landscape,” he added.
Founded in 2021, ABHI is Pakistan’s first financial wellness platform that allows its client companies’ employees to access their salaries daily via app or SMS. Users can withdraw the accessible amount of their accrued salary instantaneously to any bank account or wallet.
By helping employers to provide the option of advance salaries, ABHI has helped reduce workloads on HR and finance departments, whilst facilitating their employees’ cash needs.
Alkaram Textile Mills’ journey started in 1986, when it was set up to provide innovative textile solutions across the globe and soon, it emerged as one of the leading textile manufacturing and exporting companies in Pakistan, with a global footprint in the US, UK, France, and Portugal.
Currently, Alkaram Textile Mills is the largest vertically integrated textile set up in Pakistan. Its global reach, breadth of product offerings, and multichannel distribution make it a unique player in the textile industry, globally, and in Pakistan.