Pakistan Poverty Alleviation Fund (PPAF) is a
Pakistani Not-for-Profit
A nonprofit organization (NPO) or non-profit organisation, also known as a non-business entity, not-for-profit organization, or nonprofit institution, is a legal entity organized and operated for a collective, public or social benefit, in co ...
company
A company, abbreviated as co., is a Legal personality, legal entity representing an association of people, whether Natural person, natural, Legal person, legal or a mixture of both, with a specific objective. Company members share a common p ...
based on the model of
public-private partnership. PPAF aims to promote an effective approach to poverty alleviation across Pakistan. A number of leading multilateral, bilateral, and international corporate institutions such as the
World Bank
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the Interna ...
contribute to PPAF’s poverty reduction goal by providing financial support and funds to promote grassroot development. This 'Fund' mostly helps by providing microfinance loans (very small loans) to the very poor households to help lift them out of poverty.
Achievements and recognition
Pakistan Poverty Alleviation Fund (PPAF) is the leading agency for poverty reduction in Pakistan.[
* In 2017, 'PPAF' won the ''Outstanding Achievement Award'' at the ''Global Diversity & Inclusion Benchmarks (GDIB) Conference'' held in ]Karachi
Karachi (; ur, ; ; ) is the most populous city in Pakistan and 12th most populous city in the world, with a population of over 20 million. It is situated at the southern tip of the country along the Arabian Sea coast. It is the former cap ...
, Pakistan[Pakistan Poverty Alleviation Fund wins award at GDIB moot]
Daily Times (newspaper), Published 29 April 2017, Retrieved 6 September 2020
Government of Pakistan
The Government of Pakistan ( ur, , translit=hakúmat-e pákistán) abbreviated as GoP, is a federal government established by the Constitution of Pakistan as a constituted governing authority of the Administrative units of Pakistan, four provin ...
also provides large amounts of money every year from its budget (Pakistani Rupees 1.584 Billion granted in 2016) to ''Pakistan Poverty Alleviation Fund''. Large Pakistani corporations and wealthy individuals in Pakistan also contribute to the 'Fund'.Rupees 122 billion allocated for poverty alleviation
The News International (newspaper), Published 5 June 2016, Retrieved 6 September 2020
See also
* Balochistan Rural Support Programme
Balochistan Rural Support Programme (BRSP) was a project funded by the German technical cooperation agency Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) in the early 1980s which was converted into the Balochistan Rural Support P ...
* Sarhad Rural Support Programme
The Sarhad Rural Support Programme (SRSP) is the largest NGO, non-governmental organization working to Poverty reduction, alleviate poverty in North West Pakistan. It was established in 1989 with the aim of reducing poverty and ensuring sustainab ...
References
External links
Pakistan Poverty Alleviation Fund official website
A documentary on Balochistan Development Project in 2005 with the funds of Pakistan Poverty Alleviation Fund on YouTube
An interview with Qazi Azmat Isa - CEO, Pakistan Poverty Alleviation Fund
Non-profit organisations based in Pakistan
Poverty in Pakistan