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First MicroFinance Bank-Pakistan
HBL Microfinance Bank Ltd, Pakistan (HBL MfB) is the largest microfinance bank of Pakistan, headquartered in the country’s capital, Islamabad. HBL MfB operates over 200 locations all over Pakistan. It is one of the oldest microfinance bank in the country with its roots in the credit and saving section of the Agha Khan Rural Support Program (AKRSP). The Bank offers a suite of conventional and digital banking products for its customers. History HBL Microfinance Bank (HBL MfB), formerly The First MicroFinanceBank Ltd, Pakistan (FMFB-P), was established in 2002 as a nation-wide microfinance bank, licensed by the State Bank of Pakistan. HBL MfB was created through a structured transformation of the credit and savings section of the Aga Khan Rural Support Programme The Aga Khan Rural Support Programme (AKRSP) is a private, non profit organization, established by the Aga Khan Foundation in 1982 to help improve the quality of life of the villagers of Gilgit-Baltistan and Chitral. It ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Microfinance
Microfinance is a category of financial services targeting individuals and small businesses who lack access to conventional banking and related services. Microfinance includes microcredit, the provision of small loans to poor clients; savings and checking accounts; microinsurance; and payment systems, among other services. Microfinance services are designed to reach excluded customers, usually poorer population segments, possibly socially marginalized, or geographically more isolated, and to help them become self-sufficient.Christen, Robert Peck Christen; Rosenberg, Richard; Jayadeva, Veena. ''Financial institutions with a double-bottom line: Implications for the future of microfinance''. CGAP, Occasional Papers series, July 2004, pp. 2–3. ID Ghana is an example of a microfinance institution. Microfinance initially had a limited definition: the provision of microloans to poor entrepreneurs and small businesses lacking access to credit. The two main mechanisms for the delive ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gilgit-Baltistan
Gilgit-Baltistan (; ), formerly known as the Northern Areas, is a region administered by Pakistan as an administrative territory, and constituting the northern portion of the larger Kashmir region which has been the subject of a dispute between India and Pakistan since 1947, and between India and China from somewhat later.The application of the term "administered" to the various regions of Kashmir and a mention of the Kashmir dispute is supported by the tertiary sources (a) through (d), reflecting due weight in the coverage. Although "controlled" and "held" are also applied neutrally to the names of the disputants or to the regions administered by them, as evidenced in sources (e) through (g) below, "held" is also considered politicized usage, as is the term "occupied," (see (h) below): (a) (subscription required) Quote: "Kashmir, region of the northwestern Indian subcontinent ... has been the subject of dispute between India and Pakistan since the partition of the Indian ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 2002
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Microfinance Companies Of Asia
Microfinance is a category of financial services targeting individuals and small businesses who lack access to conventional banking and related services. Microfinance includes microcredit, the provision of small loans to poor clients; savings account, savings and checking accounts; microinsurance; and payment systems, among other services. Microfinance services are designed to reach excluded customers, usually poorer population segments, possibly socially marginalized, or geographically more isolated, and to help them become self-sufficient.Christen, Robert Peck Christen; Rosenberg, Richard; Jayadeva, Veena. ''Financial institutions with a double-bottom line: Implications for the future of microfinance''. CGAP, Occasional Papers series, July 2004, pp. 2–3. ID Ghana is an example of a microfinance institution. Microfinance initially had a limited definition: the provision of microloans to poor entrepreneurs and small businesses lacking access to credit. The two main mechanism ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aga Khan Development Network
The Aga Khan Development Network (AKDN) is a network of private, non-denominational (de jure) development agencies founded by the Aga Khan that work primarily in the poorest parts of Asia and Africa. Aga Khan IV succeeded to the office of the 49th hereditary Imam as spiritual and administrative leader of the Shia faith-rooted Nizari Ismaili Muslim supranational union in 1957. Ismailis consist of an estimated 25–30 million adherents (about 20% of the world's Shia Muslim population). The network focuses on health, education, culture, rural development, institution building and the promotion of economic development. The AKDN aims to improve living conditions and opportunities for the poor, without regard to their faith, origin or gender. Its annual budget for not-for-profit activities is approximately US $ 950 million – mainly in Africa, Asia, and the Middle East. The AKDN works in 30 countries around the world, and it employs approx 96,000 paid staff, mostly in developing countr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Japan International Cooperation Agency
The is a governmental agency that delivers the bulk of Official Development Assistance (ODA) for the government of Japan. It is chartered with assisting economic and social growth in developing countries, and the promotion of international cooperation. The OECD's Development Assistance Committee published a peer review of Japan's development co-operation in October 2020. It was led by Dr. Shinichi Kitaoka, the former President of the International University of Japan, from 2015 to 2022. On 1 April 2022, Professor Akihiko Tanaka assumed the presidency of the Japan International Cooperation Agency (JICA) as the successor to Professor Shinichi Kitaoka. History JICA's predecessor, the previous Japan International Cooperation Agency (also known as "JICA"), was a semi-governmental organization under the jurisdiction of the Ministry of Foreign Affairs, formed in 1974. The new JICA was formed on October 1, 2003. A major component of the comprehensive overhaul of Japan's ODA decided by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chitral
Chitral ( khw, , lit=field, translit=ćhitrār; ur, , translit=ćitrāl) is situated on the Chitral River in northern Khyber Pakhtunkhwa, Pakistan. It serves as the capital of the Chitral District and before that as the capital of Chitral princely state that encompassed the region until its direct incorporation into West Pakistan on 14 August 1947. It has a population of 49,780 per the 2017 census. History Gankoreneotek Grave This city was founded as the name of Qāshqār in ancient timesIt was famous Gandharan trade route at this time.Gankorineotek cemetery is also existed here. Early history The Kho Chitralis came to Chitral as part of the Indo-Aryan migration into South Asia. They settled in the northern parts of Chitral near the Torkhow and Mulkhow Region. Ancient era The existence of the Gandharan Grave Culture in Chitral, found in various grave sites scattered over its valleys, indicate its proximity towards the Gandharan culture alongside giving insigh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State Bank Of Pakistan
The State Bank of Pakistan (SBP) ( ur, ) is the Central Bank of Pakistan. Its Constitution, as originally laid down in the State Bank of Pakistan Order 1948, remained basically unchanged until 1 January 1974, when the bank was Nationalized and the scope of its functions was considerably enlarged. The State Bank of Pakistan Act 1956, with subsequent amendments, forms the basis of its operations today. The headquarters are located in the financial capital of the country in Karachi. The bank has a fully owned subsidiary with the name SBP Banking Services Corporation (SBP-BSC), the operational arm of the Central Bank with Branch Office in 16 cities across Pakistan, including the capital Islamabad and the four Provincial Capitals Lahore, Karachi, Peshawar, Quetta. The State Bank of Pakistan has other fully owned subsidiaries as well: National Institute of Banking and Finance, the training arm of the bank providing training to Commercial Banks, the Deposit Protection Corporation, and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aga Khan Rural Support Programme
The Aga Khan Rural Support Programme (AKRSP) is a private, non profit organization, established by the Aga Khan Foundation in 1982 to help improve the quality of life of the villagers of Gilgit-Baltistan and Chitral. It is a Non Governmental Organization which is part of the Rural Support Programmes Network in Pakistan. Philosophy AKRSP’s development approach gives primacy to the people and their abilities. It is based on the belief that local communities have tremendous potential to plan and manage their own social development, once they are organized and provided access to necessary skills and capital. The organisations proclivity for a participatory approach found much support in Shoaib Sultan, the founding General Manager of AKRSP. Achievements AKRSP’s past efforts have led to many notable achievements in social and economic domains. Key achievements include manifold increase in incomes, construction/rehabilitation of more than 4000 small infrastructure projects (bri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Islamabad
Islamabad (; ur, , ) is the capital city of Pakistan. It is the country's ninth-most populous city, with a population of over 1.2 million people, and is federally administered by the Pakistani government as part of the Islamabad Capital Territory. Built as a planned city in the 1960s, it replaced Rawalpindi as Pakistan's national capital. The city is notable for its high standards of living, safety, cleanliness, and abundant greenery. Greek architect Constantinos Apostolou Doxiadis developed Islamabad's master plan, in which he divided it into eight zones; administrative, diplomatic enclave, residential areas, educational and industrial sectors, commercial areas, as well as rural and green areas administered by the Islamabad Metropolitan Corporation with support from the Capital Development Authority. Islamabad is known for the presence of several parks and forests, including the Margalla Hills National Park and the Shakarparian. It is home to several landmarks, includin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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