As many as Rs 50 million was disbursed among 1,500 deserving families as interest-free loan under Akhuwat Micro Finance, Chief Minster Self Employment Scheme aimed at making them self-reliance members of the society.

The ceremony was held at the Central Mosque, University of Agriculture Faisalabad in which UAF Vice Chancellor Dr Muhammad Iqbal Zafar was the chief guest. While, Akhuwat senior officers Muhammad Javed, Khalid Mehmood, Dr Khalid Shouq, UAF Dr Abdul Rasheed, Dr Farah Naveed, and other notables spoke on the occasion.
Dr Muhammad Iqbal Zafar said one third people were living below the poverty line in the country. He added that poverty can be alleviated through education, and skilled manpower. He lauded the measures being adopted on the part of Akhuwat to hold the hands of those who didn’t have any ray of hope in their lives. He said that the journey of Akhuwat started 1,400 years ago when brotherhood was established between migrants and the Ensar-e-Madina by the Last and Final Prophet Hazrat Muhammad (PBUH). He added that life of Last and Final Prophet Hazrat Muhammad (PBUH) guided us in every sphere of life.
Muhammad Javed said that recovery rate of Akhuwat interest free loan was standing at 99 percent. He said that Akhuwat was set up in 2001 in order to provide interest-free microfinance to poor people to increase their standard of living. He said that Akhuwat is making all possible measures to alleviate poverty by creating a system based on mutual support in the society.
Dr Khalid Shouq said that interest-free loan with the special focus for deserving people was the hallmark step that will bring the prosperity and address their problems. He said that the country was blessed with the tremendous talent. There is a need to tap the potential. Dr Abdul Rasheed said that it is a step towards making deprived segment of society self-reliance.