Pakistan Poverty Alleviation Fund (PPAF) is a Pakistani Not-for-Profit company based on the model of public-private partnership. PPAF aims to promote an effective approach to poverty alleviation across Pakistan. A number of leading multilateral, bilateral, and international corporate institutions such as the World Bank [1] contribute to PPAF’s poverty reduction goal by providing financial support and funds to promote grassroot development. This 'Fund' mostly helps by providing microfinance loans (very small loans) to the very poor households to help lift them out of poverty. [2]
Achievements and recognition
Pakistan Poverty Alleviation Fund (PPAF) is the leading agency for poverty reduction in Pakistan. [2]
- In 2017, 'PPAF' won the Outstanding Achievement Award at the Global Diversity & Inclusion Benchmarks (GDIB) Conference held in Karachi, Pakistan [2]
Government of Pakistan also provides large amounts of money every year from its budget (Pakistani Rupees 1.584 Billion granted in 2016) to Pakistan Poverty Alleviation Fund. Large Pakistani corporations and wealthy individuals in Pakistan also contribute to the 'Fund'. [3]
See also
References
- ^ Amjad Zafar Khan (4 May 2020). "Immediate relief for Pakistan's pandemic-stricken poor". World Bank website. Retrieved 6 September 2020.
- ^ a b c Pakistan Poverty Alleviation Fund wins award at GDIB moot Daily Times (newspaper), Published 29 April 2017, Retrieved 6 September 2020
- ^ Rupees 122 billion allocated for poverty alleviation, The News International (newspaper), Published 5 June 2016, Retrieved 6 September 2020