PMIC, PSDF agree to promote microfinance


Staff Reporter


Pakistan Microfinance Investment Company Limited (PMIC) – a national-level apex institution for microfinance, has signed a Memorandum of Understanding (MoU) with PSDF with the aim to work together towards provision of skills and business development trainings for microfinance beneficiaries. PSDF is the largest skills development fund in Pakistan.
Yasir Ashfaq, CEO, PMIC said, “International learning indicate that blending capacity building and microfinance results in increased socio-economic progress of individuals. Moreover, focus on women and youth is also evidenced to result in better progress of households towards sustainable livelihoods. The alliance between PMIC and PSDF will complement our respective roles and will provide us the opportunity to work together to benefit thousands of individuals across Punjab.” Jawad Khan, CEO, PSDF said, “In the current economic environment, PSDF will heavily focus on creating self-employment opportunities for its graduates. The partnership with PMIC, offering customized microfinance products and services for PSDF graduates, will allow these graduates to explore business setting and growth opportunities.”