ISLAMABAD - The Ministry of Finance has notified the establishment of Project Management Unit (PMU) in the ministry for efficient monitoring and management of Kamyab Pakistan Programme (KPP).

The federal government has introduced “Kamyab Pakistan Programme” for promotion of SME, Agri, and Low-Cost Housing Finance in consultation with Naya Pakistan Housing & Development Authority (NAPHDA), State Bank of Pakistan (SBP), Securities & Exchange Commission of Pakistan (SECP), Pakistan Banks’ Association (PBA), Micro Finance Providers (MPFs), and other related stakeholders. “For efficient monitoring and management of Kamyab Pakistan Program (KPP), the Finance Secretary has been pleased to approve establishment of Project Management Unit (PMU) in Ministry of Finance,” said a notification issued by the Ministry of Finance.

The Project Management Unit has been assigned the following roles & responsibilities including maintenance and up-dation of the operational framework on an ongoing process, guided by the Advisory Board and feedback from the implementation partners. All such amendments will; however, be made only through the due approval of the Finance Division.

The Project Management Unit would oversee and coordinate the Monitoring & Evaluation functions of KPP by Pakistan Poverty Alleviation Fund-(PPAF). It would obtain the Quarterly /Half-Yearly/Annual reports from PPAF for onward dissemination to the KPP’s Steering Committee. Come up with any additional reporting requirements in coordination with Pakistan Poverty Alleviation Fund and Finance Division. It would receive all subsidy and loan loss claims from wholesale lenders relating to both the wholesale lenders and executing agents on a quarterly basis in a form and content outlined in the operational framework of Kamyab Pakistan Programme.