Saturday April 23, 2022

Dr Amjad Saqib Nominated For Nobel Peace Prize

KARACHI: Dr Amjad Saqib, a Pakistani philanthropist and founder of the country’s largest interest-free microfinance programme Akhuwat has been nominated for the Nobel Peace Prize for his humanitarian work in poverty alleviation. 

Nearly two decades after its launch, Akhuwat has grown into the nation’s largest microfinance institution, distributing the equivalent of $900 million and boasting an almost 100 per cent loan repayment rate.

Dr Amjad, was one of five recipients of the Ramon Magsaysay Award — named after a Filipino president killed in a plane crash — for his “first-of-its-kind” interest- and collateral-free microfinance programme that has helped millions of poor families.

“My services are beyond such awards and they are purely for the sake of Allah,” Akhuwat Foundation Chairman Dr Amjad told the media. 

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