Governance Structure

Given the nature of its governance structure, financing and working relationships, the PPAF is a public-private partnership.

• PPAF as an Independent Legal Entity

The PPAF is an independent legal entity under the Companies Ordinance 1984. The Securities and Exchange Commission of Pakistan (SECP), the Federal Board of Revenue, the Employees Old Age Benefits Institution and other relevant authorities mandated under the law of the land for specific purposes regulate the affairs of the PPAF. The Articles of Association of the PPAF prescribe a three-tier governance structure comprise of a General Body, Board of Directors and a Management Team headed by a Chief Executive Officer (CEO).

• Composition and Role of the General Body

The Company shall consist of 30 members, out of which 8 members shall be nominated by the Government and the remaining 22 members representing civil society of which 10 members shall be persons representing Non Governmental Organizations and Partner Organizations; at least 2 shall be representatives of Community Based Organizations; and 10 members from academia, business community, and other private individuals having a record of service in activities of poverty alleviation and development.

The General Body has been vested with powers to give overall policy guidance, consider the annual financial statements of the Company, pursue the annual budget approved by the Board of Directors, consider the annual report prepared by the Board of Directors, elect Directors, appoint Auditor(s) and fix their remuneration and transact any other business which may be transacted at an Annual General Meeting shall be deemed special.

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