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In addition to loans, the program supported a skills scholarship initiative, a talent hunt for youth sports, and the establishment of a National Youth Council. However, in July 2022, the State Bank of Pakistan paused disbursements under the Kamyab Jawan Program. [4] The programme was revived by the Shehbaz Sharif government at the end of the ...
Pakistan Bait-ul-Mal focuses on supporting widows, orphans, the disabled, students, and the elderly, providing financial aid such as Rs 25,000 per household with more than one disabled person. [1] It is also the sponsor of Benazir Income Support Programme. It also provides money to poor and deserving students of almost all universities of Pakistan.
The company was registered on 31st Dec. 2008 and an initial endowment fund was established with a seed money of Rs.2 billion. The endowment fund has now been increased to Rs. 8 billion and the Government of Punjab, Pakistan has pledged to raise the endowment fund to Rs. 10 billion during the current FY 2012-13. Only the investment proceeds out ...
Islamabad is seeking a new, larger long-term Extended Fund Facility (EFF) agreement with the fund after a current $3 billion standby arrangement expires this month. Pakistan PM discusses new loan ...
Along with the economic development aims of the program, BISP also seeks to empower women by presenting cash transfers directly to female members of households. [12] BISP is currently the largest aid program in Pakistan and the government's third largest budgetary allocation. BISP spending accounts for 0.3% of Pakistan's GDP. [11]
Akhuwat's loan portfolio consists of 58% male borrowers and 42% female borrowers. [12] The most common type of loan offered by Akhuwat is the Family Enterprise Loan which comprises 92% of Akhuwat's loan portfolio. The loan is intended for the entire family that is involved during the process of appraisal and lending.
Microfinance Program (Mawakhat) provides small and interest-free loans to underprivileged individuals in Pakistan to help them start or expand their businesses. [21] Alkhidmat's Mawakhat program includes dedicated efforts to empower and support the transgender community, fostering economic independence and livelihood opportunities. [35]
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