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ISLAMABAD: Pakistan Bait-ul-Mal (PBM) and Pakistan Poverty Alleviation Fund (PPAF) have joined hand together in order to provide soft loans to passed out trainees of Women Empowerment Centres (WECs) of PBM, under the umbrella of the Ehsaas rogramme.
In this regard, a Memorandum of Understanding (MoU) signing ceremony was held in the presence of Chairperson BISP and Minister for Poverty Alleviation and Social Safety Net Dr Sania Nishter.
Secretary Ministry of Poverty Alleviation and Social Safety Division Shaista Sohail, Managing Director PBM Aon Abbas Buppi, and CEO PPAF Qazi Azmat were also present
Addressing the ceremony, Dr Sania Nishter said that country’s prosperity and uplift is directly related to women’s participation in different spheres of life.
Appreciating the Bait-ul-Mal’s role for empowering the vulnerable women, she said that the passed out students from WECs are capable enough to lead an honorable life utilizing their skills.
“It’s much needed in present circumstances for their financial empowerment enabling them to undertake their own business ventures and help their families extricate from poverty trap,” she added.
Dr Nishter said that the agenda of Ehsaas program framework is focused on the women’s economic empowerment and uplift the socio-economic condition of six million poor women who will be benefited from preferential support for women.
While paying tribute to the working women, Managing Director PBM said that women of Pakistan have really come forward and proven their worth in all walks of life.
He said that PBM has been taking tangible measures for the promotion and protection of women rights by accommodating them in the fields of healthcare, education, economy, rehabilitation and self-reliance with 160 WECs throughout the country.
Managing Director PBM Aon Abbas also expressed enthusiasm for the expansion of WECs in order to accommodate maximum poor women throughout the country.
CEO PPAF Qazi Azmat also termed this initiative a vital for bringing pleasant change in the lives of poor women of the country.
He further said that after giving loans, these women will also be provided technical help for starting their business and a software will also be put into practice.
Under this MoU soft loans will be offered to 25,000 passed out trainees from Women Empowerment Centres of Pakistan Bait-ul-Mal enabling them to live an independent life.