P&G Pakistan, Imtiaz Group, and Akhuwat Partner

P&G Pakistan, Imtiaz Group, and Akhuwat Partner to Empower Women Micropreneurs with Interest-Free Loans

KARACHI, December 18, 2024 – In a landmark initiative aimed at driving economic empowerment and gender equality, P&G Pakistan, Imtiaz Group—Pakistan’s largest retailer—and Akhuwat Islamic Microfinance have signed a Memorandum of Understanding (MoU) to provide interest-free loans to women micropreneurs. This collaboration reflects a shared commitment to fostering local entrepreneurship and supporting economic growth in…

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Proparco Partners with Kashf Foundation

Proparco Partners with Kashf Foundation Through $15M Loan to Empower Women Entrepreneurs in Pakistan

Lahore, Pakistan — Proparco has announced the renewal of its partnership with Kashf Foundation through a $15 million loan aimed at empowering women entrepreneurs and expanding Kashf’s client base. This marks the third collaboration between the two organizations since 2017, underscoring a shared commitment to advancing financial inclusion and gender equality in Pakistan. Founded in…

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TPL Corp and Abhi Get SBP Approval to Jointly Acquire FINCA Microfinance Bank

TPL Corp and Abhi Get SBP Approval to Jointly Acquire FINCA Microfinance Bank

Karachi: TPL Corp Limited (PSX: TPL) and Abhi Private Limited have received final approval from the State Bank of Pakistan (SBP) to acquire a 94.8% stake in FINCA Microfinance Bank Limited. This approval comes as the companies proceed with their previously announced acquisition plans, marking a significant milestone in Pakistan’s microfinance landscape. According to a…

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KP Launches Interest-Free Ehsaas Loan Scheme

KP Launches Interest-Free Ehsaas Loan Scheme to Boost Employment and Poverty Alleviation

Peshawar, Nov 7 — The Khyber Pakhtunkhwa government has taken a significant step towards economic empowerment and poverty reduction with the upcoming launch of its interest-free Ehsaas Loan Scheme. All necessary measures to implement the scheme have been completed, as announced during a high-level meeting at the Civil Secretariat chaired by Advisor to the Chief…

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Mobilink Bank and GROWTECH Partner

Mobilink Bank and GROWTECH Partner to Empower Over 190,000 Farmers with Digital Banking, Agri Loans, and Green Financing Solutions

In a major step toward empowering Pakistan’s agricultural sector, Mobilink Microfinance Bank (MMBL) has announced a strategic partnership with GROWTECH Services, aimed at providing critical digital banking services and financial solutions to over 190,000 farmers nationwide. This partnership underscores MMBL’s commitment to enhancing financial inclusion for the agricultural community, a key pillar of Pakistan’s economy….

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LOLC Microfinance Bank Launches Pakistan First 0% Markup Gold Loan

LOLC Microfinance Bank Launches Pakistan First 0% Markup Gold Loan

Karachi, Pakistan – LOLC Microfinance Bank (LOLC MFB) is excited to unveil an industry-first financial product in Pakistan—the Gold Loan with 0% Markup. This innovative offering is aimed at expanding financial access for individuals and businesses, especially those previously hesitant to engage with microfinance banks. “While other microfinance banks are exploring gold loans, we wanted…

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Mobilink Bank Tops the SBP Banking on Equality Scorecard

Mobilink Bank Tops the SBP Banking on Equality Scorecard for the Second Year in a Row

Islamabad: Mobilink Bank has reaffirmed its commitment to gender equality and financial inclusion by securing an impressive score of 82.7 on the State Bank of Pakistan’s Women Friendliness Grid. This achievement marks a significant improvement from last year’s score of 71.79, underscoring the Bank’s dedication to fostering a supportive environment for women borrowers and entrepreneurs,…

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Fatima Fertilizer and ZTBL Partners

Fatima Fertilizer and ZTBL Partners to Boost Financial Access for Smallholder Farmers

In a groundbreaking move to promote financial inclusion and boost support for smallholder farmers, Fatima Fertilizer Company Limited and Zarai Taraqiati Bank Limited (ZTBL) have entered into a strategic partnership. This collaboration, the first of its kind in the agricultural sector, aims to integrate farmers into the formal financial system while providing them with crucial…

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PMIC Launches Shariah-Compliant Financing Suite

PMIC Launches Shariah-Compliant Financing Suite, Inks PKR 100 Million Deal with SAFCO Microfinance Company

October 3, 204 – Pakistan Microfinance Investment Company (PMIC) has announced the launch of its new Shariah-compliant suite of financing products, expanding its offerings beyond conventional microfinance wholesale financing. This initiative includes key Islamic finance instruments such as Mudarabah and Musharakah, which will now be available to all of PMIC’s borrowing institutions. These products are…

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TPL Corp and Fintech

TPL Corp and Fintech “Abhi” to Jointly Acquire FINCA Microfinance Bank

Karachi – September 20, 2024: TPL Corp Limited (TPL), a leading Pakistani financial platform, and Abhi (Private) Limited (Abhi) have signed a Share Purchase Agreement (SPA) with FINCA Microfinance Coöperatief U.A. to jointly acquire FINCA Microfinance Bank Limited. The development marks a significant milestone in Pakistan’s financial sector, with the announcement shared via a notice…

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