ISLAMABAD: In a featured story in the Independent UK’s Asia edition, Dr. Muhammad Amjad Saqib and his foundation, Akhuwat, are highlighted as leaders of a revolutionary movement in the global fight against poverty. Dr. Saqib’s initiatives are receiving prominence for their influence on poverty alleviation, with a focus on Pakistan, signaling a watershed moment in the ongoing worldwide struggle to battle economic inequities.
The article, which was published on January 16, 2024, emphasizes the present importance and recognition of Dr. Saqib’s contributions to the global struggle against poverty.
The article presents a complete account of Dr. Saqib’s support for microfinance, putting light on the international acclaim he has received for his unwavering commitment to poverty alleviation. It emphasizes Dr. Saqib’s role as a pioneering champion for microfinance, presenting it as more than just a financial strategy but also a strong tool for effecting social change. The Independent’s tale explains how microfinance, aided by interest-free small loans, empowers individuals, families, and communities, freeing them from poverty and causing a beneficial ripple effect.
The article describes how Dr. Saqib’s work in microfinance has gained him international praise, culminating in his election as Chairperson of BISP. This appointment demonstrates his global prominence, which stems directly from his tireless efforts and goal for eradicating poverty. The article emphasizes the international recognition of his leadership in this crucial field.
The story follows the inspirational journey of Akhuwat, which was created by Dr. Saqib in 2001 and is today known as the world’s largest interest-free microcredit institution. Akhuwat began with a modest $100 seed fund and has already disbursed a staggering $1 billion in interest-free loans, improving the lives of over 6 million families in Pakistan. This success story demonstrates the enormous influence of microfinance on a large scale.
