Search

x
Join our whatsapp channel for News Updates

CARE International in Pakistan, Mastercard launch ‘Ignite’ program to support entrepreneurs

10:19 PM | 9 Sep, 2021
CARE International in Pakistan, Mastercard launch ‘Ignite’ program to support entrepreneurs

ISLAMABAD – In support of the Pakistan Government’s National Financial Inclusion Strategy (NFIS), CARE International in Pakistan (CIP) and Mastercard launched the ‘Ignite’ small business program during a ceremony presided by Dr. Sania Nishtar, Special Assistant to the Prime Minister, in Islamabad.

The program is part of a global collaboration between CARE and the Mastercard Center for Inclusive Growth.

The program will be rolled out with several local partners including U-Bank – its financial service provider, White Rice – a behavioral design firm and Mera Maan – a social enterprise focused on capacity building and enterprise development.

 Over three years, ‘Ignite’ will:

  • Impact 397,000 entrepreneurs, their employees, and family members with capacity and skills building.
  • Accelerate the growth of 45,000 entrepreneurs by unlocking access to credit.
  • Mentor 3,000 entrepreneurs concentrating on digital skills and tools.
  • Reach an additional 2 million entrepreneurs through the outreach campaign by creating awareness and understanding on formal and digital financial services.

 As the COVID-19 pandemic accelerates the move toward a digital economy, women risk being left further behind without tailored support and digital tools. To ensure they can survive and thrive in the digital economy, ‘Ignite’ will ensure that at least 30% of entrepreneurs supported are females. By facilitating access to capital, digital tools and skills, the program will foster a supportive and empowering environment for women entrepreneurs.

“Through the work of the Center for Inclusive Growth, Mastercard’s social impact arm, we continue to help address barriers to enable entrepreneurs to grow and become more resilient. Ignite will provide growth-orientated small businesses with the tools they require to grow so that they can continue to strengthen the economy and catalyze job creation,” said Natasha Jamal, Vice President, Middle East and Africa, Mastercard Center for Inclusive Growth.

Speaking at the launch, the Country Director of CIP, Adil Sheraz added: “Our primary focus has always been to promote women’s economic empowerment through accessible financial resources and increased business skills, and CIP has implemented various projects to address challenges around equal access to and control of economic assets. Our empowerment projects in Pakistan aim to unleash the power of growth-oriented entrepreneurs and contribute to a resilient and inclusive economy. ‘Ignite’ is a transformational project enabling financial and technological access for entrepreneurs, especially women, and will positively impact millions of people.”

Last year, Mastercard committed $250M to support small businesses around the world and made a global commitment to provide 25 million women entrepreneurs with digital solutions that can help them grow their businesses by 2025. CARE International believes in taking a market-based approach to service delivery that is sustainable and scalable, by working closely with local service providers. These partnerships open up much-needed access to financial and digital resources, whilst building entrepreneurs’ business capacity and networks.

Advertisement

Pakistani rupee rate against US Dollar, Euro, Pound, Riyal - Check 14 April forex rates

Pakistani currency remains unchanged against US dollar and other currencies in open market on April 14, 2024.

US Dollar rate in Pakistan

On Sunday, the US dollar was being quoted at 277.5 for buying and 280.5 for selling.

Euro was quoted at 299.95 for buying and 302.9 for selling while British Pound stands at 349.5 for buying, and 353 for selling.

UAE Dirham AED was at 75.45 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 14 April 2024

Source: Forex Association of Pakistan. (last update 08:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.5 280.5
Euro EUR 299.95 302.9
UK Pound Sterling GBP 349.5 353
U.A.E Dirham AED 75.45
 
76.2
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 182.7 184.5
Bahrain Dinar BHD 739.38 747.38
Canadian Dollar CAD 204 206.2
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86
 
1.94
Kuwaiti Dinar KWD 903.91 912.91
Malaysian Ringgit MYR 58.92 59.52
New Zealand Dollar NZD 167.63 169.63
Norwegians Krone NOK 25.38 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.35 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.61 7.76

Advertisement

Follow us on Facebook

Follow us on Twitter

Sign up for Newsletter