MetLife Contributes $110,000 for Flood-Devastated Village
New York , NY: MetLife, through its affiliate operating in the Middle East, Africa and South Asia, MetLife Alico, is contributing $110,000 to the rebuilding of Budapur, a Pakistani village devastated by the July 2010 floods. The funds will help finance the work of the Human Development Foundation (HDF), an organization that is working in the region to help facilitate the rebuilding of communities in provinces affected by the flooding.
In a groundbreaking ceremony conducted at the village of Budapur in District Jamshoro of Sindh on January 9, 2011, both organizations spoke with community members and stressed the need for sustainable and timely action when addressing issues facing the region.
“The catastrophic flooding in Pakistan last summer called for significant, rapid and community-based support for the region,” said Arif Mufti, Chairman and CEO of MetLife Alico Pakistan. “MetLife Alico has a long-standing tradition of community involvement, and we’re proud to help in this rebuilding effort.”
When complete in three years, the village of Budapur will be a “Misali Basti” or “ Model Village,” providing community members with a school, clean drinking water, access to healthcare, sanitation facilities, paved streets, lights, community centers and parks. MetLife Alico and HDF will work with the residents of Budapur throughout the process, ensuring the community is maintained in the years following its completion.
MetLife is a subsidiary of MetLife, Inc. (NYSE: MET), a leading global provider of insurance, annuities and employee benefit programs, serving 90 million customers in over 60 countries. Through its subsidiaries and affiliates, MetLife holds leading market positions in the United States, Japan, Latin America, Asia Pacific, Europe and the Middle East. For more information, please visit www.metlife.com.
MetLife Alico is a subsidiary of MetLife, Inc. serving customers in the Middle East, Africa and South. MetLife Alico first started its operation in Pakistan in 1952 and is today the largest capitalized private sector multinational life insurance company in Pakistan as measured by paid-up capital.
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