President Pervez Musharraf today inaugurated The First MicroFinanceBank Ltd. in the presence of His Highness the Aga Khan, Imam of the Ismaili Muslims and Chairman of the Aga Khan Fund for Economic Development.
The Bank, the country?s first private financial institution dedicated to addressing the problems of endemic poverty, starts out with a capital of Rs.500 million contributed by the Aga Khan Rural Support Programme and the Aga Khan Fund for Economic Development
Tawana Pakistan Programme is successfully working in about 650 schools to improve educational as well as nutritional status of girls in poverty-ridden areas.The project aims at providing about 0.5 million girls access to education in about 5,300 primary schools in poverty-ridden districts, an official of the education ministry said.
Nestled amid the towering Himalaya, Hindukush and Karakoram ranges, communities in Pakistan?s Northern Areas have undergone a silent socio-economic upheaval in the past 20 years.
With $100 million, a development network headed by Prince Aga Khan, spiritual head of the Ismaelite sect, overhauled the region from a network of sleepy, marginalized communities in 1982 to a vibrant region boasting schools, healthcare, hydro-electric power schemes and even a micro-finance bank. The Northern Areas is home to 1.2 million people spread across 1,123 villages.
Spiritual leader of the Ismailis Prince Karim Aga Khan arrived here on Sunday evening on a short visit. Minister of State for Foreign Affairs Makhdoom Khusro Bakhtiar and other government officials received the Aga Khan at the airport. During his visit the Aga Khan will meet Prime Minister Shaukat Aziz, Senate Chairman Muhammadmian Soomro and other federal ministers.
The Aga Khan Development Network (AKDN) has announced an initial contribution of Rs30 million in support of the earthquake relief being provided by the government which will be matched by Habib Bank Limited with a further Rs30 million donation towards the President?s Emergency Relief Fund.
A press release issued on Monday also said that AKDN helicopters have been put at the disposal of the authorities to assist in humanitarian efforts.
CWS AID: The Church World Service-Pakistan/Afghanistan has chalked out a plan for rehabilitation of earthquake victims.
The spiritual leader of Ismaili community, Prince Karim Aga Khan would be visiting Pakistan on December 2. During the six-day tour, the Prince will meet President General Pervez Musharraf, Prime Minister Mir Zafarullah Khan Jamali and the Pakistani cabinet members.
The Prime Minister Jamali will host a luncheon in the honour of the visiting dignitary on December 3 whereas the visiting guest will attend the dinner hosted by the President Gen Musharraf on the very same night.
President General Pervez Musharraf on Monday inaugurated the country's first private financial institution, The First Micro-Finance Bank Ltd. The institution is dedicated to address the problems of endemic poverty, starting out with a capital of Rs 500 million contributed by the Aga Khan Rural Support Programme and the Aga Khan Foundation.
Prince Karim Aga Khan, who is on a visit to Pakistan, Wednesday called on President General Pervez Musharraf and Prime Minister Mir Zafarullah Khan Jamali at Aiwan-e-Sadr and Prime Minister House to exchange views on a number of issues of mutual interest.
Prince Karim Aga Khan held detailed discussions with the President and the Prime Minister regarding investment cooperation in various fields especially in the telecommunications, financial, social and economic development sectors.
Spiritual head of Ismaili sect and Chief of Aga Khan Foundation Prince Karim Aga Khan arrived in Pakistan on Tuesday night on his visit to Pakistan. Minister for Water and Power Aftab Ahmad Khan Sherpa as well as other senior officers welcomed him at the airport.Amid tight security the Prince was escorted to President's House where he would stay tonight.
He would meet Prime Minister Mir Zaffarullah Khan Jamali on Wednesday (today).
His Highness Prince Karim Aga Khan, Spiritual Leader of the Shia Ismaili Muslims, President General Pervez Musharraf & Prime Minister Mir Zafarullah Khan Jamali standing solemn silent in the respect of National Anthem at a reception, hosted by President in the honour of Prince at President House.ISLAMABAD - The spiritual leader of the Ismaili community, Prince Karim Aga Khan held separate meetings with President General Pervez Musharraf and Prime Minister Mir Zafarullah Khan Jamali here on Wednesday.
His Highness Prince Karim Aga Khan has stated that Pakistan represents an attractive destination for investment and Aga Khan Fund for Economic Development intends to expand its operations in financial services, telecommunications and tourism business.
This was stated by the distinguish guest during his meeting with Finance Minister, Shaukat Aziz here on Wednesday. He stated that Pakistan has tremendous potential as a Tourist destination particularly in the Northern Areas as well as along the coast line around Gawadar and these should be developed to attract tourists from all over the world.
President General Pervez Musharraf has said a conducive policy framework and support mechanism has been ensured to encourage private investment in the micro finance sector and the private sector and development organisations must take full advantage of these measures to contribute towards real poverty eradication in the country.
He was speaking at the inauguration ceremony of the First Micro Finance Bank set up by the Aga Khan Rural Support Programme and the Aga Khan Fund for Economic Development here on Monday.
President General Pervez Musharraf on Tuesday said Pakistan welcomed the recent thaw in relations with India, reiterating the country stands for peace in the region.
'Pakistan stands for peace in South Asia and the peaceful resolution of all outstanding issues with India including the core issue of Kashmir through a meaningful dialogue based on sovereign equality,' President Musharraf told top commanders who participated in the day-long 85th Corps Commanders Conference at General Headquarters (GHQ). He said Pakistan would never sideline the Kashmir issue.
President Gen Pervez Musharraf has appreciated the donations made by Prince Karim Aga Khan and applauded the relief efforts made by the Aga Khan Development Network in areas affected by the October 8 earthquake. He was talking to Prince Karim Aga Khan who called on him at the Aiwan-i-Sadr on Thursday. Prince Karim is visiting Pakistan to express solidarity with earthquake victims.They also discussed regional and international matters of mutual interest, including Pakistan?s role in the war on terror, situation in Afghanistan, composite dialogue with India and developments in the Middle East.
Hunza has once again achieved Unesco's Asia-Pacific Heritage Award for Culture Heritage Conservation, a statement issued here on Monday said.The award of distinction for the year 2002 has been given to Ganish, a small settlement in central Hunza in the Northern Areas, for preserving four historical mosques.
In all, 142 entries from 37 Asia-Pacific countries competed for the Award, bringing to world attention the high quality of conservation work being done around the region.
President Gen Pervez Musharraf will inaugurate here on March 11 the establishment of another Micro Finance Bank to offer small loans to the needy.
The bank is a joint venture between the Aga Khan Foundation and the International Finance Corporation, a subsidiary of the World Bank.
According to official sources, the bank will have a Rs500 million paid-up capital, which will be increased gradually.
The government had set up last year the Micro Finance Bank, now named Khushhali Bank, with an initial capital of Rs1 billion. The president will also be the chief guest at the launch of Serena hotel.
The European Commission will provide Euro 20 million (equivalent to Rs1.28 billion) to the Aga Khan Foundation (AKF) as grant for implementation of its programme to increase women's access to education in the Northern Areas and Chitral.
A contract to this effect was signed between the ambassador and head of the European Commission delegation in Pakistan, Ilkka Uusitalo, and AKF Chairman Kamal Chinoy at the education ministry on Tuesday. Minister for Education Zobaida Jalal was also present.
President Gen Pervez Musharraf, Prime Minister Mir Zafarullah Khan Jamali and Pakistan People's Party Chairperson Benazir Bhutto have condoled the death of Prince Sadruddin Aga Khan.In his condolence message to Prince Karim Aga Khan, the spiritual leader of the Ismaili community, on Wednesday, President Musharraf said Sadruddin Aga Khan was a great friend of Pakistan. 'May Allah Almighty rest his soul in peace and grant your highness and the bereaved family the patience to bear this great loss,' he said.
The consortium of Supreme Council/Qatar National Bank and the Aga Khan Fund are considered to be serious contenders in the list of 19 buyers who have conveyed their interest to the Privatisation Commission (PC) in the acquisition of the management stake in Habib Bank Limited, privatisation pundits told Business Recorder on Sunday.
The USAID has launched a new initiative to strengthen the management capacity of a new generation of the Non-Governmental Organisations (NGOs) in Pakistan through a grant to the Aga Khan Foundation (AKF). I
The programme will strengthen and increase the competitive base of NGOs to help them meet management standards required to compete for donor funds, said an announcement issued here on Monday.
US Ambassador Nancy Powell highlighted the USG's commitment to develop civil society in the country, which has an important role to play in Pakistan's social, economic and political development.