PMIC launches Institution Development Fund for financial services startups in underserved areas

Islamabad, March 22, 2021: Pakistan Microfinance Investment Company Limited (PMIC), the country’s foremost organization serving as a vital pillar to the National Financial Inclusion Strategy, recently set up and launched its “Institution Development Fund” to provide support to the companies that would not normally meet PMIC’s financing requirements. PMIC has always encouraged greater ingenuity, innovation, and…

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Al-Khidmat Foundation and Baghban Trust distributed financial aid checks to families

Islamabad, March 17, 2021: A special function was organized by Al-Khidmat Foundation and Baghban Trust in which financial assistance was provided to 14 families and cash checks were distributed in collaboration with Al-Khidmat Foundation and Baghban Trust Program Officer Moakhat Saqib Riaz was also present on the occasion. On this occasion, the President of Al-Khidmat…

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Agreement signed between PMRC & Partner Financial Institutions to promote Low-cost housing finance

Karachi, March 02, 2021: Pakistan Mortgage Refinance Company (PMRC) and its Partner Financial Institutions (PFIs) joined hands to provide and promote affordable housing finance in the country by signing Credit Guarantee Agreements with Credit Guarantee Trusts for Low-Cost Housing, set up by the Government of Pakistan with PMRC as Trustee. In the ceremony held at…

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