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Kashf Foundation becomes first Pakistani institution to win an EMA

04:52 PM | 29 Nov, 2016
Kashf Foundation becomes first Pakistani institution to win an EMA
Press Release-Kashf Foundation, one of Pakistan's leading microfinance institutions, has been awarded the prestigious "European Microfinance Award" by the Luxembourg Ministry of Foreign and European Affairs. The award is a first-time win for Pakistan and is in recognition of the Foundation’s credit and training facilities to low-cost private schools.

Pakistan suffers from a serious dearth of quality education, especially within the public sector. As a result, the country has seen a rise in low-cost private schools which look to fill the gap left by inadequate equipment and facilities in public sector schools.

After extensively researching the needs of low-cost private schools, Kashf Foundation tailored an integrated solution that provides access to finance, school development trainings, and general pedagogy trainings for teachers. To date, the Foundation has serviced over 1,100 schools, trained 4,500 teachers, trained over 1,800 school owners, and positively impacted more than 570,000 students in low-cost private schools across Pakistan with a product unmatched anywhere in the world.

The Award, which highlights the importance of having an innovative approach and structural impact, also acknowledges the creative use of both financial and non-financial tools to improve the quality of the social and economic lives of families and communities.

Ms Roshaneh Zafar, Founder and Managing Director of the Kashf Foundation, expressed her pride in how the Award recognizes the importance of microfinance in reaching the goal of universal education: “Every child deserves a good education, and education provision needs to be child-centric. The Kashf program provides a new way to address quality issues of low-cost private schools and can also provide means of getting more out of school children into schools.” ”

About Kashf Foundation

Kashf Foundation has been working for the economic and social empowerment of women since 1996. It offers a holistic suite of products and services for the financial and non-financial needs of low-income households. Kashf provides low-income households, especially women, access to finance through micro-credit and micro-savings, access to social safety nets via micro-health insurance and life insurance, access to capacity building services such as financial management trainings, business development trainings, and vocational trainings, and access to social advocacy interventions such as mainstream media campaigns, social theatre, and gender justice trainings.

European Microfinance Award

The only one of its kind in the world, the European Microfinance Award was launched in October 2005 by the Directorate for Development Cooperation and Humanitarian Affairs of the Luxembourg Ministry of Foreign and European Affairs to nurture innovative microfinance initiatives. It is jointly organised by the Ministry of Foreign and European Affairs, the European Microfinance Platform (e-MFP) and the Inclusive Finance Network Luxembourg (InFiNe.lu).

 

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Rupee remains stable against US dollar, Euro, Pound, Dirham and Riyal; check forex rates

Pakistani rupee remained stable against US dollar in the open bank market on Friday.

Dollar Rate in Pakistan Today

On Friday, the US dollar was being quoted at 285.3 for buying and 288.15 for selling.

Euro moves down to 311 for buying and 314 for selling. British Pound rate stands at 358.5 for buying, and 361.5 for selling.

UAE Dirham AED stands at 78 whereas the Saudi Riyal rate stands at 76.20.

Today's currency exchange rates in Pakistan – 1 December 2023

Currency Symbol Buying Selling
US Dollar ‎USD 285.3 288.15
Euro EUR 311 314
UK Pound Sterling GBP 358.5 361.5
U.A.E Dirham AED 78 78.7
Saudi Riyal SAR 76.2 77
Australian Dollar AUD 187.2 189
Bahrain Dinar BHD 759.67 767.67
Canadian Dollar CAD 209 211
China Yuan CNY 39.59 39.98
Danish Krone DKK 41.38 41.78
Hong Kong Dollar HKD 36.63 36.98
Indian Rupee INR 3.39 3.5
Japanese Yen JPY 1.49 1.56
Kuwaiti Dinar KWD 926.7 935.7
Malaysian Ringgit MYR 60.38 60.98
New Zealand Dollar NZD 173.44 175.44
Norwegians Krone NOK 26.25 26.55
Omani Riyal OMR 741.26 749.26
Qatari Riyal ‎QAR 77.63 78.33
Singapore Dollar SGD 211 213
Swedish Korona SEK 26.93 27.23
Swiss Franc CHF 325.9 328.4
Thai Bhat THB 8.23 8.38

Gold rates drop in Pakistan; Check today’s gold rates 1 December 2023

KARACHI – The gold price continues to climb up in the local market in line of upward trend in international market.

Gold Rates in Pakistan Today - 1 December 2023

On Thursday, the single tola of 24 Karat gold was available at Rs217,400, and the price for 10-gram gold reached Rs186,390.

Meanwhile, the 22 Karat Gold price stands at Rs199,282, 21 karat rate for each tola is Rs190,225 and 18k gold rate hovers around Rs163,050.

In international market, the price of precious metal hovers around $2,045 per ounce.

Today Gold Rate in Pakistan

City Gold Silver
Lahore PKR 217,400 PKR 2,696
Karachi PKR 217,400 PKR 2,696
Islamabad PKR 217,400 PKR 2,696
Peshawar PKR 217,400 PKR 2,696
Quetta PKR 217,400 PKR 2,696
Sialkot PKR 217,400 PKR 2,696
Attock PKR 217,400 PKR 2,696
Gujranwala PKR 217,400 PKR 2,696
Jehlum PKR 217,400 PKR 2,696
Multan PKR 217,400 PKR 2,696
Bahawalpur PKR 217,400 PKR 2,696
Gujrat PKR 217,400 PKR 2,696
Nawabshah PKR 217,400 PKR 2,696
Chakwal PKR 217,400 PKR 2,696
Hyderabad PKR 217,400 PKR 2,696
Nowshehra PKR 217,400 PKR 2,696
Sargodha PKR 217,400 PKR 2,696
Faisalabad PKR 217,400 PKR 2,696
Mirpur PKR 217,400 PKR 2,696

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