Bangladesh Rural Advancement Committee (BRAC), one of the large Bangladeshi microfinance institutions (MFIs), recently revealed that it will soon pursue operations in Pakistan. The announcement came after the Prime Minister of Pakistan, Shaukat Aziz, said that the government would like to encourage the expansion of microfinance services to 10% of the country’s population. The MFI recently applied for a license in the country and is expecting to hear back soon. Last year, Pakistan’s Finance Advisor, Dr. Salman Shah, visited BRAC operations in Bangladesh with a party of other high ranking Pakistani officials to learn more about the field.
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