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