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.
Dr Amjad Saqib informs webinar about philosophy and works of Akhuwat Foundation
Karachi
April 19, 2021
With a 99.9 percent recovery rate of its interest-free Islamic microfinance programme, the Akhuwat Foundation has been running the most successful and largest Qarz-e-Hasna scheme in the world.
This was stated by the founder and executive director of the foundation, Dr Muhammad Amjad Saqib, as he spoke at a webinar jointly organised by the Akhuwat Foundation and National Forum for Environment and Health.
Dr Saqib said that since its inception in 2001, Akhuwat had distributed a sum of Rs140 billion as interest-free loans to people of the deprived communities. He explained that Rs140 billion had been distributed in the form of 4.3 million small loans to deserving people to start businesses to earn their livelihood.
RAWALPINDI: Major General Saqib Mehmood Malik has been promoted as Lt. General and appointed new Chief of Logistics Staff, the ISPR said on Sunday. The three-star General, who hails from Punjab.
Saqib promoted as Lt General
National
April 5, 2021
RAWALPINDI: Major General Saqib Mehmood Malik has been promoted as Lt. General and appointed new Chief of Logistics Staff, Pakistan, the Inter-Services Public Relations (ISPR) said on Sunday. The newly promoted three-star General, who hails from Punjab Regiment, has been posted as Chief of Logistics Staff following retirement of his predecessor Lt. General Azhar Saleh Abbasi on completion of his service in Pakistan Army.
RAWALPINDI: Major General Saqib Mehmood Malik has been promoted as Lt. General and appointed new Chief of Logistics Staff, Pakistan, the Inter-Services Public Relations said on Sunday.The newly.