FIRST PRIVATE MICRO CREDIT BANK TO OPEN IN NOVEMBER - 2001-09-20

Date: 
Thursday, 2001, September 20
Location: 

<>Dawn.com<>KARACHI reports that 'The first private sector micro financing institution is being set up by two Aga Khan institutions with a capital base of Rs500 million and is likely to start functioning from November. All ground work has been done, formalities completed and even a consent has been obtained from the State Bank of Pakistan for the chief executive and directors on the board of the Aga Khan Micro Finance Bank. The sponsors are now just waiting for the promulgation of the ordinance. Complete article by By Sabihuddin Ghausi

person_place_reference: 
H.H. Prince Karim Aga Khan IV

Articles - FIRST PRIVATE MICRO CREDIT BANK TO OPEN IN NOVEMBER - 2001-09-20

Finance minister leaves for Algiers, Paris for talks on economic assistance - 2001-09-20

The finance minister, Mr Shaukat Aziz, left for Algiers and Paris last night for talks with Islamic Development Bank and Paris Club leaders on economic assistance to Pakistan. In Algiers, the minister will attend the meeting of the Board of Governors of Islamic Development Bank, which is being attended by the finance ministers of Islamic countries. Mr Shaukat Aziz is likely to raise with the Islamic finance ministers the issue of rehabilitation and reconstruction of Afghanistan after the completion of the current American military action.

More - FIRST PRIVATE MICRO CREDIT BANK TO OPEN IN NOVEMBER - 2001-09-20

The first private sector micro financing institution is being set up by two Aga Khan institutions with a capital base of Rs500 million and is likely to start functioning from November.All ground work has been done, formalities completed and even a consent has been obtained from the State Bank of Pakistan for the chief executive and directors on the board of the Aga Khan Micro Finance Bank. The sponsors are now just waiting for the promulgation of the ordinance.