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AGA KHAN DUE TODAY - 2002-03-09

Saturday, 2002, March 9

ISLAMABAD - (Dawn) : The Aga Khan, Imam of the Ismaili Muslims, arrives here on Sunday for a short visit to Pakistan. The Aga Khan will meet with President Pervez Musharraf as well as senior government officials. During this visit, he will attend the inauguration of the First Micro-Finance Bank, sponsored by the Aga Khan Rural Support Programme and the Aga Khan Fund for Economic Development (AKFED). The Aga Khan is also expected to be present at a ceremony to formally inaugurate the Islamabad Serena Hotel, developed and operated by Tourism Promotion Services, an affiliate of the AKFED. Amongst the objectives of this visit are a review by the Aga Khan of the progress and future directions of programmes being undertaken by the Aga Khan Development Network in the region.

H.H. Prince Karim Aga Khan IV

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


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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