PBA facilitating Kamyab Pakistan Project (KPP) for Members

To create awareness and understanding of the Kamyab Pakistan Project (KPP), PBA had arranged a Zoom presentation given by Mr. Zafar Masud, President & CEO, Bank of Punjab, (and Convener of KPP) who was also joined by Mr. Imdadullah Bosal, Additional Finance Secretary (Internal Finance), MoF, to further define its parameters.

KPP is an initiative of the Government of Pakistan (Ministry of Finance), which is scheduled to be launched by the Prime Minister in 2022. Under this initiative, subsidized new micro loans will be disbursed through MFBs/ MFIs/ RSPs/ HFCs while the liquidity will come from Commercial Banks/ DFIs/ PMRC under 100% guarantee from the GOP.

PBA is coordinating with members to facilitate the Operational Framework of KPP.   

Mr Zafar Masud’s presentation was aimed at facilitating PBA members to understand the broader aspects of its Operational Framework as well as the main components & key features of the Kamyab Pakistan Project.

With a goal of providing more than 4,500,000 new loans by 2025-26, the KPP has specified the following key pillars;

• Kamyab Kissan – loans for small farmers
• Kamyab Karobar – loans for small enterprises & start-ups
• Kamyab Hunarmand – technical & vocational trainings for skill development
• Naya Pakistan Low Cost Housing – house loans for affordable housing under Government’s Mark-up Subsidy Scheme (GMSS)
• Sehatmand Pakistan – health insurance for all new borrowers