Dr Amjad says Akhuwat running Qarz-e-Hasna scheme with 99.9% recovery rate
LCCI calls fee-free Akhuwat University a big milestone in quality higher education to deserving students
June 1, 2021
LAHORE: Akhuwat Foundation Founder and Executive Director Dr Amjad Saqib has said that the Akhuwat Foundation has been running the most successful and largest Qarz-e-Hasna scheme with a 99.9 percent recovery rate of its interest-free Islamic microfinance programme.
Addressing at the Lahore Chamber of Commerce and Industry (LCCI), he said that Akhuwat – since its inception in 2001 – had disbursed a sum of Rs150 billion as interest-free loans to 4.4 million people of the deprived communities. He said that the interest-free loan programme had enabled hundreds of thousands of people to secure basic necessities of life enabling them to live with dignity and honour.
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‘Pakistan, Italy can lift trade to $5b’
Ambassador asked investors to capitalise on opportunities
in Rome
LAHORE:
Italy attaches the utmost importance to its relations with Pakistan and all-out efforts are being made to boost economic ties with Islamabad, remarked Italian Ambassador Andreas Ferrarese.
During a visit to the Lahore Chamber of Commerce and Industry (LCCI) on Tuesday, he said the Italian government was committed to strengthening ties with Pakistan in every area of opportunity.
“Italy has over $5 trillion in savings, hence it possesses ample fiscal space to undertake investment projects,” the envoy said. “Pakistani investors should come forward and avail themselves of investment opportunities.”