PESHAWAR: Senior Minister for Finance Khyber Pakhtunkhwa Siraj-ul-Haq said on Thursday that the provincial government is planning to establish its own Islamic Micro Finance Bank (IMFB) and Provincial Industrial Development Bank (PIDB) to cater the youth unemployment and industrial growth in the province and FATA, respectively.
He was talking to the new acting Managing Director of Bank of Khyber (BOK), Imran Samad here on Thursday. He said the government do not want to spend hard earned money of the people on realization of failed ideas instead it is the time to provide better opportunities for social and economic uplift of the masses in real sense.
He reiterated their stance to put the youth on the right and professional track so as they can play their effective role in the overall growth of the province. The senior minister mentioned about the BOK important role in development of various industrial and agri-based entities especially through micro-finance activities.
He also stressed upon the need to provide better opportunities to females as well by providing proper financial assistance in order to utilize their energies for the uplift of the social and business sectors.He advised Imran Samad to prepare 5-years plan of the bank for its operational growth and targets to be met during the period.
The acting managing director of BOK invited the senior minister to formally inaugurate the Islamic Banking Branches at Chitral and Gilgit to which he shown his acceptance.The minister also emphasised that BOK should plan its branches outside the country which will attract Pakistani expatriates.
Imran Samad informed that the BOK has already established its branches in every District Headquarter of the province. He also mentioned that BOK is providing Home Remittance Services through its branches across the country and this year this network will further increase and strengthen.
http://www.thenews.com.pk/Todays-Ne...lish-Islamic-micro-finance-bank-PIDB-minister
He was talking to the new acting Managing Director of Bank of Khyber (BOK), Imran Samad here on Thursday. He said the government do not want to spend hard earned money of the people on realization of failed ideas instead it is the time to provide better opportunities for social and economic uplift of the masses in real sense.
He reiterated their stance to put the youth on the right and professional track so as they can play their effective role in the overall growth of the province. The senior minister mentioned about the BOK important role in development of various industrial and agri-based entities especially through micro-finance activities.
He also stressed upon the need to provide better opportunities to females as well by providing proper financial assistance in order to utilize their energies for the uplift of the social and business sectors.He advised Imran Samad to prepare 5-years plan of the bank for its operational growth and targets to be met during the period.
The acting managing director of BOK invited the senior minister to formally inaugurate the Islamic Banking Branches at Chitral and Gilgit to which he shown his acceptance.The minister also emphasised that BOK should plan its branches outside the country which will attract Pakistani expatriates.
Imran Samad informed that the BOK has already established its branches in every District Headquarter of the province. He also mentioned that BOK is providing Home Remittance Services through its branches across the country and this year this network will further increase and strengthen.
http://www.thenews.com.pk/Todays-Ne...lish-Islamic-micro-finance-bank-PIDB-minister
