PR No.220 Islamabad

Senator Mohammad Ishaq Dar, Minister for Finance chaired a meeting to review arrangements for the launch of Pakistan Microfinance Investment Company (PMIC) by end of this month. He was briefed on the operationalization of the PMIC and the shareholding structure with development partners including the UK’s DFID and KFW from Germany.

Finance Minister said that the PMIC is a key component of the National Financial Inclusion Strategy. He said that it was the top most priority of the government to provide microcredit to underserved segments of the society. He said that institutions like PMIC will ensure sustainable and inclusive growth and hoped that it will be a befitting graduation of beneficiaries of Pakistan Poverty Alleviation Fund (PPAF).

Senior officials of the Ministry of Finance attended the meeting.