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Supplements: PAKISATN MICROFINANCE Forum 2014 - 8th Annual Assembly of Microfinance Stakeholders


I am happy to send this message on the occasion of 8th Pakistan Microfinance Forum 2014 being held in Karachi to highlight the challenges and opportunities we face in addressing the core issues of Microfinance in the country.

I extend my sincere appreciation to Shamrock on the occasion of its Microfinance Forum 2014. Shamrock conferences have evolved to become an important platform for sharing knowledge and expertise in various fields of businesses and economy.
I am delighted to be a part of 8th annual meet of Pakistan Microfinance Forum 2014 organized by Shamrock. Microfinance, or provision of financial services to low-income people, is a key enabler of Financial Inclusion in any country.
I would like to heartily congratulate the organisers of the "Pakistan Microfinance Forum" for successfully organising this annual conference, which has positively contributed towards the evolution and enrichment of micro-finance sector in Pakistan. Poverty alleviation is a global challenge, which through schemes like micro-credit and vocational training can be tackled.
As we advance through the 8th year of this annual forum, it is a heartening to see an increasingly enthusiastic response to our initiative, as we venture beyond new horizons, with each passing year. We sincerely hope that your collective deliberations will continue to bear fruit and bring long-term socio-economic benefits for the whole nation.
The inspiration for Microfinance initiatives is derived from the reality, that a majority of segments in the under-developed and developing nations have no bank accounts, no access to affordable credit, low capacity to earn and save money and no insurance protection, besides facing the tedious and unsafe payment-transfer mechanisms in the rural and remote regions.
Microfinance is a powerful tool that the poor can use to inch their way out of poverty by taking advantage of new opportunities and better managing the sufferings they face. Designed well, Microfinance can also pay for itself and reach millions. The social intermediation embedded in Microfinance in the form of group functions can build social capital among the poor which combined with financial capital has the potential to be powerful mix in the fight against poverty.


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Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln