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Prospects of foreign remittance into Pakistan

Prospects of foreign remittance into Pakistan

Pakistan is one of the major beneficiaries of foreign remittances, whereas the volume of foreign remittances to Pakistan has also increased in recent past. The growth of these flows has outpaced Foreign Direct Investment (FDI) and official development assistance to …

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The unsung heroes of microfinance

The unsung heroes of microfinance

‘By now we have travelled approximately 12 kilometres from the local branch of one of the Microfinance Institutions (MFIs) in the area of Kot Addu, Muzzaffargarh. Out of those 12, we were on the main road for about 8 kilometres, …

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Microfinance and poverty reduction nexus: a reality

Microfinance and poverty reduction nexus: a reality

Poverty is a multi-faceted fabric which involves economic, social, cultural and psychological dimensions. It is a worldwide phenomenon whose consequences are dehumanizing, devastating and traumatic. In the light of this, and recognizing the importance of the devastating effect of poverty …

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Microfinancing for better future

Microfinancing for better future

The 2018 Economic Survey revealed that in Pakistan the percentage of people living below the poverty line has fallen over the decade but still stands worryingly at 24.3% in 2015-16. The adverse economic and social effects of poverty are well-researched …

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