Media Library

  • UBL and PMIC ink deal to digitise microfinance operations

    http://dailytimes.com.pk/business/12-Oct-17/ubl-and-pmic-ink-deal-to-digitise-microfinance-operations

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  • PMIC and Alfalah Insurance to Protect Livelihoods of Subsistence Farmers

    Pakistan Microfinance Investment Company (PMIC) and Alfalah Insurance Company have signed an MoU to collaborate towards development of need based innovative crop and livestock insurance products for subsistence farmers. The MoU was signed by Mr. Yasir Ashfaq Chief Executive Officer PMIC and Mr. Nasar us Samad Qureshi, Chief Executive Officer, Alfalah Insurance Company at a […]

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  • PMIC Board Member Ms. Christiane Schmidt visits the field

    PMIC Board Member Ms. Christiane Schmidt and members of PMIC’s management visited the field operations of a PMIC Borrower in Rawalpindi. During her visit, Ms. Schmidt attended a focus group discussion with women clients and discussed aspects related to loan processing, utilization, challenges and impact on the lives of the clients. She also asked them […]

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  • PMIC Celebrates 70 years of Pakistan’s Independence!

    PMIC celebrates 70 years of Pakistan’s Independence  

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  • Consultative Workshop on the Sindh Renewable Energy Development Project (SREDP)

    Sindh Energy Department in collaboration with World Bank organized a two-day consultative workshop on Sindh Renewable Energy Development Project (SREDP) in Karachi on August 1, 2017 and August 2, 2017. The workshop aimed at bringing together the relevant public and private sector stakeholders to discuss the status, implementation models, opportunities and challenges in the off-grid […]

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  • SECP Consultative Session on Commodities based Financial Ecosystem

    The Securities and Exchange Commission of Pakistan (SECP) organized a consultative session on agricultural warehousing regulations and commodities based collateral and financing ecosystem, at the SECP head office on July 18, 2017. Pakistan Microfinance Investment Company (PMIC) was represented at the session by Mr. Shahid Mustafa Chief Executive Officer, Mr. Rashid Imran Chief Risk Officer […]

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  • EdNovate Pakistan- Fostering Evidence Driven Innovation in Education

    Center for Economic Research in Pakistan (CERP) and the LUMS School of Education jointly hosted EdNovate Pakistan, a dialogue to foster evidence driven innovation in education on July 11, 2017 in Lahore. The event, intended to be the first in a series of annual conferences, brought together leaders in research, decision makers in public and […]

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  • CEO PMIC hosts Iftar Dinner for Microfinance Institutions in Lahore

    CEO PMIC Mr. Shahid Mustafa hosted an Iftar Dinner in Karachi for the Chief Executives of Microfinance Institutions based in Punjab. Senior Management of PMIC and Chief Executives/Senior Management of Kashf Foundation (KF), Development Action for Mobilization & Emancipation (DAMEN), CSC Empowerment and Inclusion Programme (CEIP), Rural Community Development Programme (RCDP), Jinnah Welfare Society (JWS), AGAHE […]

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  • Chairman PMIC hosts Iftar Dinner for Microfinance Institutions in Karachi

    Chairman PMIC Mr. Zubyr Soomro hosted an Iftar Dinner in Karachi for the Chief Executives of Microfinance Institutions based in Sindh. Senior Management of PMIC and Chief Executives of Orangi Charitable Trust (OCT), Thardeep Microfinance Foundation (TMF), ASA Pakistan, Safco Support Foundation (SSF), Al-Mehran Rural Development Organization (AMRDO) Foundation, Saath Microfinance Foundation Pakistan (SMFP),  Shadab Rural […]

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  • PMIC & KfW Agreement Signed

    PMIC and KfW have signed an agreement to carry out a feasibility study to gauge the potential for microfinance based Solar Home Systems for off-grid communities in Pakistan. The study is part of a Renewable Energy project being negotiated between PMIC and KfW under which KfW has agreed to provide financing and technical assistance to […]

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  • Chairman PMIC hosts Iftar Dinner for Microfinance Institutions in Islamabad

    Chairman PMIC Mr. Zubyr Soomro hosted an Iftar Dinner in Islamabad for the Chief Executives of Microfinance Institutions headquartered in Islamabad. Senior Management of PMIC and Chief Executives of National Rural Support Programme (NRSP), Khushhali Bank, First Microfinance Bank, BRAC Pakistan and COO of U Microfinance Bank Ltd. attended the dinner. The participants discussed PMIC’s […]

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  • Chairman PMIC hosts Iftar Dinner for PMIC Female Board Member and Staff

    Chairman PMIC Mr. Zubyr Soomro hosted an Iftar Dinner in Islamabad for PMIC’s female board member Ms. Christiane Schmidt from KfW and all PMIC female staff members. The participants engaged in interactive discussion to gain views on PMIC’s work environment and policies for the female staff. In-depth discussion was also held on PMIC’s role and […]

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  • MOU signed between Pakistan Microfinance Investment Company (PMIC) and Sona Welfare Foundation (SWF)

    An MoU has been signed between Pakistan Microfinance Investment Company (PMIC) and Sona Welfare Foundation (SWF), the corporate social responsibility wing of Fauji Fertilizer Company (FFC), for deployment of an Agriculture Value Chain, targeting 1,000 smallholder farmers, in district Bahawalpur. NRSP-MFB, the third signatory to this MOU, is the implementing partner for end-to-end deployment of […]

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  • PMIC Chairman, CEO and COO visit Orangi Pilot Project- Orangi Charitable Trust (OPP-OCT) in Karachi

    Chairman PMIC Mr. Zubyr Soomro, CEO Mr. Shahid Mustafa and COO Mr. Yasir Ashfaq visited OPP and OCT in Karachi.  During the visit, they held a meeting with the Vice President OCT Ms. Aquila Ismail, CEO OPP-OCT Mr. Anwar Rashid and other senior management members to explore possibilities for future partnership between PMIC and OPP-OCT.    

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  • PMIC starts lending to the sector- March 2017

    Based on the new appraisal system, PMIC Board has approved the first 10 credit proposals for funding amounting to USD 73million for MFIs and MFBs of which the first 4 disbursals amounting to USD 13.5 million have been completed.

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  • Mr. Shahid Mustafa, CEO PMIC interview for Pakistan Microfinance Network (PMN)’s e-newsletter Microtalk, sharing his thoughts on microfinance and role of PMIC in developing the microfinance sector of Pakistan

    Dec 31, 2016

    Mr. Shahid Mustafa, CEO PMIC interview for Pakistan Microfinance Network (PMN)’s e-newsletter Microtalk, sharing his thoughts on microfinance and role of PMIC in developing the microfinance sector of Pakistan

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  • By 2020: Microfinance industry to receive Rs.40b from DFID

    Oct 28, 2016

    Microfinance industry in the country is expected to get over Rs.40 billion leveraging from Department for International Development (DFID) till 2020. DFID Country Head Joana Reid on Wednesday said that DFID’s long-term partnership with the State Bank of Pakistan has delivered on the Financial Inclusion Programme, leveraging Rs20 billion in financing to microfinance providers and […]

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  • Pakistan Microfinance Investment Company launched

    Oct 28, 2016

    ISLAMABAD: The Pakistan Microfinance Investment Company (PMIC), a private-sector firm which aims to use public funding to invest commercially in people and businesses on lower incomes, was launched on Thursday by Finance Minister Ishaq Dar. The PMIC has been created by the Pakistan Poverty Alleviation Fund (PPAF) and Karandaaz Pakistan — funded by UK’s Department […]

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  • Microfinance investment company to be set up

    May 1, 2016

    KARACHI:  With the help of foreign donors, the Pakistan Poverty Alleviation Fund (PPAF) is going to set up the Pakistan Microfinance Investment Company (PMIC), a statement said. The PPAF said it would provide the new entity with Rs3 billion as equity while two other shareholders would contribute approximately Rs3.1 billion. The Department for International Development […]

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  • PMIC to help alleviate poverty, ensure financial inclusion

    May 1, 2016

    ISLAMABAD: Finance Minister Ishaq Dar said on Friday that due to prudent economic policies of the government, macroeconomic stability has been achieved and now focus was on the sustainable economic growth for job creation and poverty alleviation in the country. Addressing as chief guest at the launching ceremony of Pakistan Microfinance Investment Company (PMFC) at […]

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  • PPAF, KfW sign deal to set up Pakistan Microfinance Investment Company

    April 29, 2016

    ISLAMABAD: The Pakistan Poverty Alleviation Fund (PPAF) Karandaaz Pakistan (funded by UK’s Department for International Development) and Germany’s Kreditanstalt fur Wiederaufbau (KfW) on Thursday signed the shareholders agreement for the establishment of Pakistan Microfinance Investment Company (PMIC).The signing ceremony was attended by Finance Minister Ishaq Dar and representatives of the German and UK governments. PPAF […]

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