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ICCI to provide interest free loans for small business setups February 24, 2013
Meeting at ICCI
 
Islamabad Chamber of Commerce and Industry (ICCI) has initiated an interest free loan scheme for the welfare of poor and needy people by allocating amount of Rs.50,00,000 so that ailing segment of  society could setup their small businesses.
 
Mr.Zafar Bakhtawari, President ICCI made these remarks while sharing views with Dr.Ajmad Sabiq, Founder and CEO of Akhuwat Foundation which is working for alleviating poverty by empowering socially and economically marginalized families through interest free microfinance and by harnessing entrepreneurial potential, capacity building and social guidance.
 
ICCI President said that it is our social and national responsibility to help the poor segment of the society as by the blessing of Allah(SWT), businessmen and industrialist have resources to help poor families and enabling them to become self reliant.
 
He was of the view that instead of relying on the Government for every thing we should provide full support to the organizations like Akhuwat Foundation which are institutionalizing the spirit of brotherhood, compassion, and volunteerism.
 
Mr.Bakhtawari appreciated the role of Akhuwat Foundation for promoting Qard-e-Hasana as a viable model and a broad-based solution for poverty alleviation. He also lauded the role of Dr.Ajmad Sabiq, Founder and CEO of Akhuwat Foundation for making this a sustainable, growth-oriented and replicable organization.
 
ICCI President said members of Islamabad Chamber of Commerce & Industry enthusiastically participated in the welfare of society and scheme of interest free loan was another initiative of ICCI for enabling poor people to become self reliant. He urged all the traders and industrialists to come forward and help the ailing humanity.
 
Speaking on the occasion, Dr.Ajmad Sabiq, Founder and CEO of Akhuwat Foundation highlighted the vision and mission of the foundation and said that it was started its operations with the amount of Rs.80,000 but now it has converted into a well established organization having funds of more than Rs.3billion and its 105 branches were opened in different cities and towns across Pakistan.