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Mademuasel [1]
4 years ago
6

Which of the followingis the oldest development financing institution?

Computers and Technology
1 answer:
Tasya [4]4 years ago
5 0

Answer:

<u> Industrial Development Bank of Pakistan</u>

Explanation:

<u>Industrial Development Bank of Pakistan</u><u>-</u> It is one of the oldest financing bank and was founded in 1961.It is situated in Karachi,sindh pakistan. Objective -Extending the duration of investment finance in the economy's manufacturing sector.

<u>Khushhali Bank-</u> It was established in 2000 as a strategy for poverty reduction and  Microfinance Sector Development Program (MSDP) by the Government of the Islamic Republic of Pakistan.

<u>Small Business Finance Corporation-</u> The Government of Pakistan created the Small Business Finance Corporation (SBFC) through a Parliament Act in 1972. The goal was to help tiny entrepreneurs in self-employment and the establishment of the cottage industry.

<u>Regional Development Finance Corporation-</u> This Regional Development Finance Corporation Ordinance may be referred to as 1985. It extends to Pakistan as a whole and also applies to the company of the company operating outside Pakistan and the individuals carrying out such company.

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