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president to inaugurate bank - previous article on same subject - AGA KHAN DUE TODAY - 2002-03-09

Posted February 25th, 2010 by heritage
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AGA KHAN DUE TODAY - 2002-03-09
Date: 
Tuesday, 2002, March 5
Location: 
Source: 
www.dawn.com/2002/03/06/nat16.htm

President Gen Pervez Musharraf will inaugurate here on March 11 the establishment of another Micro Finance Bank to offer small loans to the needy.
The bank is a joint venture between the Aga Khan Foundation and the International Finance Corporation, a subsidiary of the World Bank.
According to official sources, the bank will have a Rs500 million paid-up capital, which will be increased gradually.
The government had set up last year the Micro Finance Bank, now named Khushhali Bank, with an initial capital of Rs1 billion. The president will also be the chief guest at the launch of Serena hotel.

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