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Report No. : |
327454 |
|
Report Date : |
22.06.2015 |
IDENTIFICATION DETAILS
|
Name : |
NATIONAL RURAL SUPPORT PROGRAMME |
|
|
|
|
Registered Office : |
46, Aga Khan Road, F-6/4, Islamabad |
|
|
|
|
Country : |
Pakistan |
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|
|
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Date of Incorporation : |
1991 |
|
|
|
|
Legal Form : |
Non-Profit Organization |
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|
|
|
Line of Business : |
Largest Rural Support Programme in the country in terms of outreach,
staff and development activities. |
|
|
|
|
No. of Employees : |
Not Available |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Unknown |
|
Litigation : |
Clear |
NOTES:
Any query related to this report can be made
on e-mail: infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31, 2015
|
Country Name |
Previous Rating (31.12.2014) |
Current Rating (31.03.2015) |
|
Pakistan |
B1 |
B1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
PAKISTAN - ECONOMIC OVERVIEW
Decades of internal political disputes and low levels of
foreign investment have led to slow growth and underdevelopment in Pakistan.
Agriculture accounts for more than one-fourth of output and two-fifths of
employment. Textiles account for most of Pakistan's export earnings, and
Pakistan's failure to diversify its exportshas left the country vulnerable to
shifts in world demand. Official unemployment was 6.9% in 2014, but this fails
to capture the true picture, because much of the economy is informal and underemployment
remains high. Pakistan’s human development continues to lag behind most of the
region.. As a result of political and macroeconomic instability, the Pakistani
rupee has depreciated more than 40% since 2007. The government agreed to an
International Monetary Fund Standby Arrangement in November 2008 to preventa
balance of payments crisis, but the IMF ended the Arrangement early because of
Pakistan’s failure to implement required reforms. The economy has stabilized,
it continues to underperform and foreign investment has not returned to levels
seen during themid-2000’s, due to investor concerns related to governance,
electricity shortages, , and a slow-down in the global economy. Remittances
from overseas workers, averaging more than$1 billion a month, remain a bright
spot for Pakistan. After a small current account surplus in fiscal year 2011
(July 2010/June 2011), Pakistan's current account turned to a deficit where it
remained through 2014, spurred by higher prices for imported oil and lower prices
for exported cotton. In September 2013, after facing balance of payments
concerns, Pakistan entered into a three-year, $6.7 billion IMF Extended Fund
Facility. The Sharif government has since made modest progress implementing
fiscal and energy reforms, and in December 2014 the IMF described Pakistan’s
progress as “broadly on track.” Pakistan remains stuck in a low-income,
low-growth trap, with growth averaging about 3.5% per year from 2008 to 2014.
Pakistan must address long standing issues related to government revenues and
the electricity and natural gas sectorsin order to spur the amount of economic
growth that will be necessary to employ its growing and rapidly urbanizing
population, more than half of which is under 22. Other long term challenges include
expanding investment in education and healthcare, adapting to the effects of
climate change and natural disasters, and reducing dependence on foreign
donors.
|
Source
: CIA |
NATIONAL RURAL SUPPORT PROGRAMME
|
Registered Address |
|
46, Aga Khan Road, F-6/4, Islamabad, Pakistan |
|
Tel # |
92 (51) 2822319, 2822324 |
|
Fax # |
92 (51) 2822779 |
|
a. |
Nature of Business |
Largest Rural Support Programme in the country in terms of outreach,
staff and development activities. |
|
b. |
Year Established |
1991 |
|
None |
NRSP works to release the potential abilities, skills and knowledge of rural
men and women, to enable them to articulate their aspirations and to
effectively marshal the resources they need to meet their identified needs. The
purpose is poverty alleviation - enabling people to break the cycle of poverty,
which begins with lack of opportunity, extends to the well-known miseries of
economic and nutritional poverty and leads new generations to endure the same
conditions. The process is social mobilization - bringing people together on
new terms for a common purpose. The conceptual tools are 'social guidance'
(recruiting local men and women who will take on a leadership role), advocacy,
capacity building and awareness raising. The programmatic tools are training,
support to institutions, micro-credit, infrastructure development, natural
resource management and 'productive linkages'.
The main
objective of NRSP is to foster a countrywide network of grassroots level
organizations to enable rural communities to plan, implement and manage
developmental activities and programmes for the purpose of ensuring productive
employment, alleviation of poverty and improvement in the quality of life. NRSP
is designed in such a way that it specializes as a support organization, which
provides social guidance to the communities. The guiding tenets of NRSP’s
philosophy are to organize rural communities develop their capital base at the
local level through savings and credit schemes, support human development
endeavors and link the communities with the government service delivery
departments, donors, NGOs and the private sector. While interacting with so
many stakeholders, NRSP carefully outlines its role as that of a facilitator.
This leads the communities and other partners to maintain their relationship
independent of NRSP. The generic principles of NRSP’s philosophy prevent it
from following a preconceived package approach. The whole quest is to identify
and support whatever activities communities intend to do on their own according
to their prioritized needs. The only reliable indicator to assess a community’s
willingness to achieve a particular goal is the intensity of its previous
endeavors to accomplish that desire and the persistence and consistently
towards the work.
The problems of the
rural poor in Pakistan are many. These include low production, low prices, low
incomes, low wages, meager savings and unemployment due to which the rural
populace struggle day by day to fight against the never ending abyss of debt
and destitution. In addition, over-population is leading to pressure on the
capacity of natural resources, upon which the livelihood of the rural poor
depends. Many millions live in abject poverty, marginalized from the mainstream
and often hidden from the public eye. Apparently, the rural poor have no hope
to improve their quality of life. Development administrators of the ilk of
Brayne, in colonial India, once held that the rural poor had only themselves to
blame for their poverty and misery; ignorant, lazy and morally bankrupt. An
objective analysis of the rural poor has indicated that they are not a
homogenous group but are differentiated with respect to socio-economic
conditions, agro-ecological situations and religio-cultural patterns. They also
have certain commonalties such as; landlessness or small subsistence holding,
isolation from the main economy, unorganized and leaderless, lack capital and
have no access to credit, and lack of marketable skills.
|
Names |
Designation |
|
Mr. Shoaib Sultan
Khan Mr. Tariq Masud Mr. M. Azam
Khan Mr. Bashir
Ahmed Mr. Pervaiz
Masud Mr. Safdar
Hussain Kazmi Mr. Jahangar
Khan Tareen Mr. Fazalullah
Qureshi Ms. Kishwar
Naheed Dr. Humayun
Khan Mr. M. Nazar
Memon Dr. Arifa Anwar Mr. Saeed Ahmed
Qureshi Dr. Shahida
Jafri |
CEO Director Director Director Director Director Director Director Director Director Director Director Director Director |
|
(1) MCB Bank Limited,
Pakistan. (2) National Bank of
Pakistan. (3) Habib Bank Limited,
Pakistan. |
|
Currency |
Unit |
Pakistani Rupee |
|
US Dollar |
1 |
Rs. 102.90 |
|
UK Pound |
1 |
Rs. 157.00 |
|
Euro |
1 |
Rs. 115.50 |
Established in 1991, NRSP is the largest Rural Support Programme in the
country in terms of outreach, staff and development activities. It is a not for
profit organization. NRSP's mandate is to alleviate poverty by harnessing
people's potential and undertake development activities in Pakistan. It has a
presence in 61 Districts in all the four Provinces including Azad Jammu and
Kashmir through Regional Offices and Field Offices. NRSP is currently working
with more than 2.5 million poor households organized into a network of 165,328
Community Organizations. With sustained incremental growth, it is emerging as
Pakistan's leading engine for poverty reduction and rural development.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.63.82 |
|
|
1 |
Rs.101.26 |
|
Euro |
1 |
Rs.72.36 |
INFORMATION DETAILS
|
Analysis Done by
: |
RAS |
|
|
|
|
Report Prepared
by : |
TPT |
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
|
71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
|
|
56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
|
11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
|
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
|
-- |
NB |
New Business |
-- |
|
This score serves as a reference to assess SC’s
credit risk and to set the amount of credit to be extended. It is calculated
from a composite of weighted scores obtained from each of the major sections of
this report. The assessed factors and their relative weights (as indicated
through %) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend (10%) Operational size
(10%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or
its officials.