Dr. Khurram Anwar Khawaja, president of Pakistan trade association Sialkot Chamber of Commerce and Industry (SCCI), recently announced that the organization is actively considering introducing micro-credit loans into its repertoire of financial services. Dr. Khawaja stated that the objective of the micro-loans is to reduce unemployment by encouraging entrepreneurship.
Search Results for: Khushhali Bank
NEWS WIRE: Pakistan: Nation’s First International SME & Microfinance Conference Approaches
MICROCAPITAL STORY: Pakistan Ministry of Social Welfare and Special Education to Introduce Micro-Credit Scheme for Disabled
The Pakistan Ministry of Social Welfare and Special Education is working on a micro-credit scheme for disabled people in the country, according to a press release on the Nation, the Pakistani news daily [1]. The scheme, which has reportedly been given ‘top priority’ is expected to bring ‘social empowerment’ for persons with disability. The Ministry is reportedly in consultation with several banks including the Pakistan based Kushali Bank, to lay the ground work for an ‘easy way of providing loans to disabled people with a minimum interest’ [1]. In the words of the Pakistan Minister for Social Welfare and Special Education, Ms. Samina Khalid Ghurki, this scheme by the Government is an effort toward making Pakistan ‘a disabled friendly state of the world’. Ms. Gurkhi also expressed hope that these efforts would ‘bring substantial change in living standards of these [disabled] persons’ [1].