Thaver appointed as member board of directors of Advans Pakistan Microfinance Bank Ltd

The State Bank of Pakistan today approved the appointment of Zulfikar Thaver as independent director of Advans Pakistan Microfinance Bank Ltd.

Thaver a member of the National Committee of SMEs (NCSMEs) and president of the Union of Small and Medium Enterprises (UNISAME) has been working passionately for the sector since the last 14 years and will surely be an asset to the bank said Tariq Baluch the chief executive officer of the bank.

Advans Pakistan MFBL was incorporated as a public limited company under the Companies Ordinance, 1984 on April 17, 2012 and was granted license by the State Bank of Pakistan on June 28, 2012 to operate as microfinance bank in the province of Sindh.

The Bank’s aim is to provide microfinance banking and related services to the poor and underserved segment of the society as envisaged under the Microfinance Institutions Ordinance, 2001. As a registered microfinance bank, Advans Pakistan MFBL offers range of financial services to micro, small and medium-sized enterprises (MSMEs): Loans to MSMEs from PKR 10,000 to PKR 500,000.