Agreement signed to establish Pakistan Microfinance Investment Company

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ISLAMABAD, Apr 28 (APP): The Pakistan Poverty Alleviation Fund (PPAF), Karandaaz Pakistan (funded by UK’s Department for International Development) and Germany’s Kreditanstalt fr Wiederaufbau (KfW) here Thursday signed the Shareholders’ Agreement for the establishment of Pakistan Microfinance Investment Company (PMIC).

The signing ceremony was attended by Finance Minister, Senator Ishaq Dar and representatives of the German and U K governments.

The Shareholders Agreement was signed by CEO PPAF, Qazi Azmat Isa, CEO Karandaz, Ali Sarfraz Hussain and Deputy Head of KFW Pakistan, Dr. Pervaiz Naeem on behalf of their respective organizations.