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The State Bank of Pakistan (SBP) has allowed commencement of business to Advans Pakistan Microfinance Bank Limited from January 4, 2013. The Advans Pakistan Microfinance Bank Limited has been licenced to operate in the Province of Sindh. Initially, the bank is starting its operations with one branch at Karachi.
With the commencement of business by Advans Pakistan Microfinance, the number of Microfinance Bank operating in the country will rise to ten which include Khushhali Bank Ltd., The First Microfinance Bank Ltd., Tameer Microfinance Bank Ltd., Pak Oman Microfinance Bank Ltd., NRSP Microfinance Bank Limited, KASHF Microfinance Bank Ltd., APNA Microfinance Bank Ltd., Waseela Microfinance Bank Limited and Rozgar Microfinance Bank Ltd.
The commencement of business of Advans Pakistan Microfinance Bank Limited will result in a significant increase in the market share of regulated microfinance banks within the overall microfinance sector. This will also lead to the increased provision of inclusive financial services in the rural and remote areas of the country.
Environment department is facing shortage of funds but doing its best to save environment and to provide healthy atmosphere to citizens.
This was stated by Sher Alam Mehsud, Secretary Environment, during his visit to Federation of Pakistan Chambers of Commerce and Industry Regional Office. He announced a committee to solve industry related issues. He in..... Read more
The rice millers and exporters have warned the government of going on strike for an unlimited period if Ministry of Commerce did not take urgent step to give them proper representation in Quality Review Committee (QRC).
“Giving QRC control to government department and elimination of private stakeholders’ involvement is a setback for rice expor..... Read more
In what may be the first sign of a slowdown in at least some areas of consumer spending, Unilever Pakistan announced that its top line grew by about 15%, its slowest revenue growth in three years.
The company announced its financial results on Tuesday, and tried to put up a brave face on the results. Net revenue for the financial year ending December 31, ..... Read more
