High Commissioner opens the 88th microfinance branch of LOLC in Pakistan

Thursday, 29 January 2026 04:37 - - {{hitsCtrl.values.hits}}

The High Commissioner of Sri Lanka Rear Admiral Fred Senevirathne (Rtd.), officially inaugurated the 88th microfinance branch of LOLC at Bara Kahu, Islamabad recently, marking another significant milestone for the organisation.

This branch represents LOLC Group’s entry into a new era of Shariah-compliant banking in Pakistan with the inauguration of “LOLC Islamic” and the launch of its first Islamic microfinance branch in Bara Kahu, Islamabad.

Addressing the gathering as the Chief Guest, the High Commissioner commended LOLC for its continued contribution to financial inclusion and economic empowerment, while emphasising the crucial role of ethical and inclusive finance in fostering economic cooperation between Sri Lanka and Pakistan. He noted that the expansion of LOLC’s microfinance services, particularly through Islamic banking principles, constitutes a noteworthy achievement and a significant milestone in the financial sector.

The High Commissioner further highlighted the long-standing and friendly relations between Sri Lanka and Pakistan, emphasising the importance of sustained cooperation in trade, investment, and development, while also briefing the audience on Sri Lanka’s current economic situation and underscoring the country’s resilience and ongoing efforts toward recovery and growth.

The event was also attended by the Minister/Head of Chancery and the Defence Advisor of the High Commission, Mufti Shafique Ahmed Jakhura, Chairman of the Shariah Supervisory Board of LOLC Sri Lanka, senior officials of LOLC, representatives of the financial sector, and other invited guests.