PPAF signs agreement with partner organizations to uplift Pakistan’s SMEs

October 25, 2021

Pakistan Poverty Alleviation Fund (PPAF) has entered into a financial agreement with seven partner organizations to implement Growth for Rural Advancement and Sustainable Progress (GRASP) project. The agreement was signed during a special ceremony held in Islamabad. PPAF is a core partner of the International Trade Centre (ITC) in implementing the the six-year project which is designed to reduce poverty in Pakistan by strengthening small-scale agribusinesses in two provinces namely Balochistan and Sindh.

GRASP project aims to uplift Small and Medium-sized Enterprises (SMEs) by improving the business environment, promoting access to finance, and updating the policies and laws in in 22 districts of Sindh and Balochistan.

The partner organizations include Strengthening Participatory Organization (SPO), Research and Development Foundation (RDF), Taraqee Foundation, Thardeep, Balochistan Rural Support Programme (BRSP), Goth Seengar Foundation, and Sindh Agricultural Forestry Workers and Coordinating Organization (SAFWCO). They have been taken on board to implement the rural mobilization and matching grant, as well as Micro, Small, and Medium Enterprises (MSME) mapping in the select 22 districts.

Mr Qazi Azmat Isa, CEO, PPAF, appreciated the efforts of PPAF and ITC in ensuring a transparent and collaborative selection process for taking partner organization on board. He also asserted that the partner organisations need to be adaptive and representative of the local context to ensure on ground success of the programme.

Giving his views, Dr Tariq Sardar, GRASP Chief Technical Advisor, said that it was a matter of great satisfaction that the international and local organisations coming together to uplift the SE’s to promote prosperity in the country. Earlier, Mr Irshad Khan Abbasi, Group Head, PPAF, welcomed the partner organizations and said that the project will spearhead a sustainable change for the SMEs and their associated communities.

Read more: