PMIC CEO at the European Microfinance Week 2017

Mr. Yasir Ashfaq, CEO, represented PMIC at the European Microfinance Week 2017 held in Luxembourg from November 29 to December 1, 2017. The event was attended by over 490 practitioners, investors, academics and support providers from 66 countries. During the panel discussion on ‘Investing through Apex- Foreign Funding, Local Knowledge’, Mr. Yasir Ashfaq, CEO PMIC spoke about the unique transition from a non-profit social development fund to a for-profit commercial entity the Pakistan Microfinance Investment Company (PMIC). During the discussion, he also briefed the audience on the role of PMIC in the microfinance sector of Pakistan as the apex institution and sector developer in the country and its ideal position in the sector to serve as a conduit for international investors.

Mr. Yasir Ashfaq, CEO PMIC also represented PMIC on the session titled ‘Investing in Financial Inclusion: Pakistan’. During this session, he presented an in-depth analysis on the state of financial inclusion in Pakistan, opportunities and challenges for the sector to reach its potential demand and potential avenues for international investment. He also presented the audience with an overview on the strategic role of PMIC to enhance financial inclusion in the country.

Source: http://pmic.pk/news-event-main.html

Hot this week

Finance Minister Muhammad Aurangzeb Reviews SECP Regulatory Reforms to Boost Capital Markets

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb visits the SECP to review strategic market reforms and digital transformation initiatives.

SECP and FBR Conduct Joint Awareness Webinar on Converting AOPs Into Corporate Entities

The Securities and Exchange Commission of Pakistan and Federal Board of Revenue hold a collaborative webinar to guide businesses on corporatization.

Abhi Microfinance Bank Partners With Utopia Industries to Introduce Earned Wage Access

Abhi Microfinance Bank collaborates with Utopia Industries to provide employees with financial flexibility through the Earned Wage Access digital platform.

Financial Consortium Secures Milestone PKR 4.76 Billion Financing Facility for Tech Manufacturing Expansion

The Bank of Punjab and InfraZamin Pakistan lead a banking consortium to close a major 10-year Islamic syndicated facility for Air Link and Select Technologies.

Bank Negara Malaysia Mandates Shift to Single Interoperable QR Payment Standard by 2028

Bank Negara Malaysia issues the Interoperable Fund Transfer Framework to phase out proprietary QR networks and consolidate digital payments on PayNet DuitNow infrastructure.

Topics

Finance Minister Muhammad Aurangzeb Reviews SECP Regulatory Reforms to Boost Capital Markets

Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb visits the SECP to review strategic market reforms and digital transformation initiatives.

SECP and FBR Conduct Joint Awareness Webinar on Converting AOPs Into Corporate Entities

The Securities and Exchange Commission of Pakistan and Federal Board of Revenue hold a collaborative webinar to guide businesses on corporatization.

Abhi Microfinance Bank Partners With Utopia Industries to Introduce Earned Wage Access

Abhi Microfinance Bank collaborates with Utopia Industries to provide employees with financial flexibility through the Earned Wage Access digital platform.

Financial Consortium Secures Milestone PKR 4.76 Billion Financing Facility for Tech Manufacturing Expansion

The Bank of Punjab and InfraZamin Pakistan lead a banking consortium to close a major 10-year Islamic syndicated facility for Air Link and Select Technologies.

Bank Negara Malaysia Mandates Shift to Single Interoperable QR Payment Standard by 2028

Bank Negara Malaysia issues the Interoperable Fund Transfer Framework to phase out proprietary QR networks and consolidate digital payments on PayNet DuitNow infrastructure.

Bitcoin Halts Five Day Rally as Profit Taking Pulls Valuation to Sixty Two Thousand Mark

The leading digital currency pauses its recent winning streak due to short term investor selloffs despite posting positive metrics over weekly and monthly periods.

Mobilink Bank Secures Three Top Honors at FinanceAsia Awards Dominating Digital Banking Category

The top microfinance institution lands regional acclaim for financial inclusion and technological innovation amid highly resilient localized asset and loan growth.

Punjab Revenue Authority Hikes Sales Tax on Restaurants and Service Sectors to Eight Percent

The provincial revenue body revises the sales tax rate upward from five percent for card payments at food outlets, marriage halls, and multiple other services.
spot_img

Related Articles

Popular Categories