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On 14 May 2014, the government approved 3.5 billion for interest-free loans up to Rs 50,000 would be provided to 1 million people across the country. Half of the beneficiaries would be women. The loans would be disbursed through Pakistan Poverty Alleviation Fund (PPAF) and each federating unit will get its share as per the NFC Award, with a ...
Akhuwat has five core principles on which all of its programs function. These include interest-free microfinance, use of religious places, non-discrimination, the spirit of volunteerism, and converting borrowers into donors. [5] Details of these principles are as follows: Qarz-a-Hasan (beautiful loan) is an interest-free loan.
At the program's start in 2008, the Pakistani government allocated RS 34 billion, or $425 million, for BISP; the allocation doubled to RS 70 billion, or $875 million in the following year. [ 12 ] The Benazir Income Support Programme is planning to launch a new initiative that encourages human capital development through a conditional cash ...
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 ...
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.
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 ...
The Ehsaas Programme was the flagship social protection measure to lead towards a welfare state that is embodied in the Constitution of Pakistan.Its aim was to create precision safety nets, promote financial inclusion and access to digital services, support women's economic empowerment, focus on the central role of human capital formation for poverty eradication, economic growth, and ...
Social Security is the U.S. government's biggest program; as of June 30, 2024, about 67.9 million people, or one in five Americans, collected Social Security benefits. This year, we're seeing a...