Pakistan News

    Microfinance In Pakistan 2011

  • Pakistan Microfinance Investment Company launched

    ISLAMABAD: The Pakistan Microfinance Investment Company (PMIC), a private-sector firm which aims to use public funding to invest commercially in people and businesses on lower incomes, was launched on Thursday by Finance Minister Ishaq Dar...

    The PMIC has been created by the Pakistan Poverty Alleviation Fund (PPAF) and Karandaaz Pakistan — funded by UK’s Department for International Development (DFID) — and the KfW, a German...

  • Misery and microfinance

    JUST as 2016 was taking its first nascent breaths, news was released about the imminent establishment of the Pakistan Microfinance Investment Company...

    According to newspaper reports, this new institution would be set up in partnership with the UK Depart­ment of International Development, the German Development Bank and the Pakistan Poverty Alleviation Fund...

  • Microfinance: cutting costs

    A microfinance ecosystem is evolving in Pakistan...

    “The study of microfinance data in the country shows that despite a greater quantum of lending by banks, non-banking financial institutions served the purpose of such lending more effectively because of better outreach, gender sensitivity and support structures put in place at the community level for better utilisation of acquired funds,” a member of the government economic advisory...

  • Microfinance promise

    MICROFINANCE during the last century was seen as a panacea for poverty alleviation, but since then there has been greater understanding of it as one among a variety of tools to facilitate development and positively impact the lives of the poor...

    When compared to other South Asian countries access to finance in Pakistan is very low and close to Sub-Saharan Africa...

  • Microfinance: outreach and service quality

    THE MICROFINANCE sector is making its mark, but with penetration rate still low and distribution of micro credit uneven...

    5m, according to the latest stats of the Pakistan Microcredit Network (PMN), a platform of microfinance providers...

  • Microfinance investment company

    ISLAMABAD: Finance Minister Ishaq Dar chaired a meeting on Monday at the Finance Division to review proposals for establishment of Pakistan Microfinance Investment Company...

    He said that according to estimates, Pakistan’s microfinancing needs will grow manifold by 2018 from the current Rs18 billion...

  • Tameer rebrands itself as Telenor Microfinance Bank

    KARACHI: Tameer Microfinance Bank has been rebranded as Telenor Microfinance Bank almost a year after its 100 per cent acquisition by the Telenor Group, a press release said...

    The bank, established in 2005, is best known for its joint venture with Telenor Pakistan for the launch of Pakistan’s first and now the largest branchless banking service Easypaisa, in 2009...

  • ‘Microfinance key to tackling poverty’

    ISLAMABAD: Finance Adviser Dr Abdul Hafeez Shaikh on Wednesday said the government was committed to increasing production capacity of microfinance sector to grab maximum benefits out of minimum resources...

    Addressing a two-day microfinance conference here, the adviser said that stable economy was pivotal for promotion of the sector, which has been made possible due to timely and effective measures by the government...

  • Raymond Davis pens tell-all on 2011 Pakistan incident

    Raymond Davis — United States citizen and ex-Central Intelligence Agency employee who sparked a diplomatic storm in Pakistan in 2011 after shooting dead two young men in Lahore — has written a book about his experience...

    In his memoir, titled The Contractor: How I Landed in a Pakistani Prison and Ignited a Diplomatic Crisis, Davis talks in detail about his experience in Pakistan...

  • Hosni Mubarak to stand re-trial over 2011 killing of protesters

    CAIRO: Egypt's high court said on Thursday former president Hosni Mubarak would be retried in the case of the 2011 killing of protesters...

    Earlier in Novmber 2014, an Egyptian court has dismissed criminal charges against former president Hosni Mubarak in connection with the killing of protesters in the 2011 uprising that ended his nearly three-decade reign...

  • Syria war has claimed more than 330,000 lives since 2011: monitor

    The Britain-based Syrian Observatory for Human Rights said it has documented the deaths of 331,765 people across Syria since the conflict erupted in mid-March 2011 with anti-government protests...

    Included in the overall death toll are 99,617 civilians, Observatory head Rami Abdel Rahman told AFP, adding that the figures were for the period between March 15, 2011 and July 15, 2017...

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