President, Khushhali Bank, Ghalib Nishtar has said the Bank would continue to generate 100,000 clients each year and by the year 2010 it aims to create about one million clients.He expressed these views while addressing a seminar on 'Current Issues in Microfinance,' organised by Pakistan Microfinance Network in cooperation with Aga Khan Foundation Pakistan through Social Institutions Development Programme funded by Canadian International Development Agency here Saturday.
The European Commission (EC) has approved Euro 20 million (approximately Rs. 1,280 million) grant for Pakistan's educational development, to be undertaken by Aga Khan Foundation Pakistan (AKFP) over the next five years.The grant mainly aims at improving access, quality and sustainability of education for in-school and out-of-school children, with increased gender equity and the participation of communities in the Northern Areas and Chitral (NAC), a highly placed source said here MOnday.
Ambassador and Head of the European Commission Delegation in Pakistan, Ilkka Uusitalo, will visit Sakardu, Hunza Gilgit and Chitral from June 11 to 14. During his visit he will inspect and review the EU-sponsored projects in these areas. Uusitalo would be meeting the Chief Secretary of Northern Areas, Secretary Education of Northern Areas and the District Nazim of Chitral.Last month, the EU approved a grant of Rs. 1.28 billion to support Aga Khan Foundation's Northern Pakistan Education Project (NPEP).
The European Union's ambassador to Pakistan, Ilkka Uustialo, has laid emphasis on quality education at the Aga Khan centres for education all over the country .Mr Uustialo was visiting Karimabad education centre, which had been declared the best college of the year.The Aga Khan Education Service (AKES) has been awarded a grant of 20 million euros for the implementation of the Northern Pakistan Education Programme, over the next five years, says a press release on Thursday.
The European Commission (EC) has approved euro 71 million for Pakistan to develop a three-year National Indicative Programme (NIP) in the education sector.
Prior to its approval by the EC, which is the executive arm of the European Union (EU), the NIP was endorsed by the Government of Pakistan and the EU member states.
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.
Pakistan's second largest commercial bank, Habib Bank has been handed over to Aga Khan Fund for Economic Development.
An agreement was signed in Islamabad this afternoon by the Privatisation Commission and the Fund for transfer of management of the bank.
Aga Khan Fund had given the highest bid of over 22 billion rupees in December last year for acquiring 51% strategic stake and acquiring management control in the Bank.
The Aga Khan Family Health Centre was inaugurated here on Tuesday to provide healthcare services to the local people as well as Afghan refugees, a press release said.
Inaugurating the centre, Dr Luis Sampaio, president of the Institute of Portuguese for Health and Development (IPAD) also announced US$100,000 for the centre and urged the people to contact the centre for their medical needs.
Acting President Mohammedmian Soomro has appreciated the keen interest of Prince Karim Aga Khan in the socio-economic development of Pakistan. Mr Soomro was talking to the spiritual leader of the Ismaili community, who had called on him on Monday.Minister of State for Foreign Affairs Makhdoom Khusro Bakhtyar and senior officials of the foreign ministry were present during the meeting. The Aga Khan briefed the acting president on the setting up of an educational city in Karachi.
The government will consider opening up of Azad Jammu and Kashmir and Northern Areas to mobile phone operators. This was stated by Information Technology Minister Awais Ahmad Khan Leghari at a forum on development of telecom services in rural areas, organized by the Pakistan Telecommunication Authority (PTA) at a local hotel on Wednesday. 'I do not consider opening up of the AJK to cellular phone companies will pose any security threat,' he said.
The residents of Ganish town in Hunza have asked the Aga Khan Culture Service Pakistan to vacate a 700-year- old fort which was being brought under AKCSP control in the name of renovation.The heirs of the Ganish Fort argued that the AKCSP took possession of their fort illegally and without their permission. 'A large number of tourists are visiting the fort every year, but the proceeds earned through tourism are not being paid to its legal heirs,' they said.
The Aga Khan Foundation Pakistan (AKFP)] is hosting a two-day workshop to identify key applicable practices, opportunities, approaches and challenges on how public-private partnership can contribute to sustainable social development and a stronger synergy between the government and civil society in Pakistan.
Aga Khan Foundation (Pakistan) in cooperation with USAID, is implementing 'Releasing Confidence and Creativity (RCC): An Early Childhood Development Programme'. This programme is being implemented in 50 communities of Balochistan and another 50 in Sindh.RCC seeks to support practices and structures in communities, schools, NGOs, and the government that effectively promote early childhood development.
The Aga Khan Rural Support Programme (AKRSP) will be presented as a case study in poverty reduction before the international conference on poverty to be held at Shanghai, China, next month.
This was disclosed during a discussion which was convened at the World Bank office here on Monday as a preamble to the Shanghai Conference. Country director John Wall presided over the discussion.
Prince Karim Aha Khan, the spiritual leader of Ismailis, called on Prime Minister Shaukat Aziz at Prime Minister?s House on Sunday and the two discussed the regional and international situation.The prime minister told the Aga Khan that his government wanted him to invest in Pakistan as there was great potential for investment in tourism in the country.
Canada has pledged C$8.2 million to support rural development programming in Northern Areas and Chitral.The Institutional Development for Poverty Reduction (IDPR) programme will be funded through the Canadian International Development Agency (CIDA).
Canadian Charge d'Affairs Stuart Hughes, announced this at the project launch ceremony here on Friday.
Also present at the ceremony were Cida country director for Pakistan Doug Williams as well as senior government officials, representatives local governments of Northern Areas and Chitral and members of the community.
Prime Minister Shaukat Aziz here on Saturday reiterating his commitment towards quality health care for all in Pakistan, with major emphasis on prevention and control of diseases, said the government vision for health sector was based on 'health for all'.Change in education system is need of the hour, he said at Aga Khan University Convocation of 2005 batch, comprising graduates of medical college, school of nursing and institute for educational development.
'We recognize that as a nation we have to continue work towards universal, affordable, quality healthcare for every single Pakistani.'
Prince Karim Aga Khan has said he was considering to open a micro finance bank, and take part in other welfare activities in Afghanistan to help alleviate poverty from that country.
Speaking at the inaugural ceremony of first Micro Finance Bank, set up by the Aga Khan foundation in Pakistan, he said here on Monday that a similar bank would be established in Afghanistan owing to growing poverty and other economic problems being faced by the Afghan government.
Aga Khan and Musharraf Discuss Regional IssuesNew microfinance and tourism initiatives focus on poverty and economic development - 2002-03-12Posted February 25th, 2010 by heritage
His Highness the Aga Khan, Imam of the Ismaili Muslims, and Pakistan?s President Pervez Musharraf yesterday launched two major initiatives: one to address the problem of endemic poverty, and the other to realise more fully the potential of an underdeveloped sector of Pakistan?s economy. These were also amongst topics discussed between the two leaders in private meetings.
Prince Karim Aga Khan called on President Pervez Musharraf and Prime Minister Mir Zafarullah Jamali here on Monday and exchanged views on issues of mutual interest.In his separate meetings with the president and the prime minister, Prince Karim Aga Khan held detailed discussions regarding investment cooperation in various fields, especially in the telecommunications, financial, social and economic development sectors.
He appreciated the direction of the government's economic policies which had helped in restoring investors' confidence.