Posted on December 14, 2009 - by James

Pakistan State Bank: Microfinance role ‘vital’…

KARACHI – Governor, State Bank of Pakistan, Salim Raza on Saturday said that microfinance banks/institutions have a key role to play in creating economic opportunities for the poorest sections of the society by broadening their outreach.

Delivering a keynote address on “ Economic Empowerment for the Base of the Pyramid “ at the Acumen Community Gathering here, Mr. Raza said that the regulatory role develops infrastructure of service delivery, cross fertilizes from researching and encouraging use of successful global practices , and guides the provision of rules and oversight that would enable Microfinance Institutions (MFIs) build sources of public funding and deposits, said SBP release.

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