Posts Tagged ‘Rs 215 million’

MicrofinanceFocus, July 22, 2009: The State Bank of Pakistan (SBP) has agreed to provide Rs 215 million under the Institutional Strengthening Fund (ISF) and signed on Tuesday Memorandums of Understanding (MoUs) with Pakistan Microfinance Network (PMN) and NRSP Microfinance Bank, stated a press release. The country's central bank will provide Rs 133 million to PMN over the next five years and Rs 82 million to NRSP Microfinance Bank over one year for promotion of microfinance services in the country. In addition, Rs 82 million have also been approved for Tameer Microfinance Bank over the next one year. Full story