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MQM to setup Microfinance Bank

voiceofaa

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KARACHI, Nov 16: Muttahida Qaumi Movement chief Altaf Hussain has said that his party would soon set up a microfinance bank to provide loans to youths to enable them to start their own business and earn a living.

Addressing on phone from London a large gathering in the North Nazimabad Gymkhana ground on Sunday, he said every citizen, particularly youths, would be able to get the loan.

The MQM chief advised educated youths not to wait for clerical jobs. Instead they should start their own business, even set up tea stalls, in order to earn more than what they would get from a government job.

“Nobody can take back your educational qualification. If you are doing a small business in your own locality, you can also work for security of your area.”

He also advised youths to join private security agencies, because by doing so they could contribute to the security of their localities. They should also try to join police and army, he said.Mr Hussain said that Karachi was infested with fully armed Taliban who had encircled all localities.The MQM chief regretted that the people of Karachi had everything for luxury but ignored their defence. “It is necessary for you to get arms’ licences for your security and acquire physical training to resist the illiterate and inhuman Taliban,” he added.

Although the MQM was not a party of feudal lords or capitalists, Mr Hussain said he would appeal to well-to-do people to donate generously for those who could not afford the fee for arms’ licences.

“People of the city have rejected the gun- and stick-wielding Sharia and they will not allow the Taliban to enforce their own brand of Islam,” he declared.

He said that the system of local policing should be enforced.

Source: MQM soon to set up bank to give loans to youths: Altaf -DAWN - Top Stories; November 17, 2008

This bank would probably work like Grameen Bank, Bangladesh
Grameen Bank - Wikipedia, the free encyclopedia
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Another Revolutionary Step by MQM ? :what:
 
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Perhaps some step is better then no step! MQM is still pretty powerful in Karachi i know this for a fact anyhow lets see wat this joker does lol .
 
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Well for microfinance banks , its Good


I got very angry when Altaf always says Taliban will take over karachi ..
he is just doing dirty politics
 
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Well for microfinance banks , its Good


I got very angry when Altaf always says Taliban will take over karachi ..
he is just doing dirty politics

i am not a supporter of mqm, but right now every body is doing , dirty politics in pakistan!:agree::lol:
 
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