Dar reviews arrangements for PMIC launching

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ISLAMABAD, Oct 21 (APP): Finance Minister, Senator Muhammad Ishaq Dar Friday reviewed arrangements for the launch of Pakistan Microfinance Investment Company (PMIC) by the end of this month.

Chairing the review meeting, the minister said the PMIC was a key component of the National Financial Inclusion Strategy.

He said it was the top most priority of the government to provide microcredit to under-served segments of the society.

He said institutions like PMIC would ensure sustainable and
inclusive growth and hoped that it would be a befitting graduation of beneficiaries of Pakistan Poverty Alleviation Fund (PPAF).

Earlier, the minister was briefed on the operationalization of the PMIC and the shareholding structure with development partners including the UK’s DFID and KFW from Germany.

Senior officials of the Ministry of Finance attended the meeting.