232k views
1 vote
Which of the followingis the oldest development financing institution?

a. Small BusinessFinance Corporation

b. KhushhaliBank

c. Regional DevelopmentFinance Corporation

d. IndustrialDevelopment Bank of Pakistan

1 Answer

6 votes

Answer:

Industrial Development Bank of Pakistan

Step-by-step explanation:

Industrial Development Bank of Pakistan- 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.

Khushhali Bank- 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.

Small Business Finance Corporation- 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.

Regional Development Finance Corporation- 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.

User Crashthatch
by
8.4k points
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.