National Development Finance Corporation (NDFC) is based Karachi

Karachi

Karachi is the largest city, main seaport and the main financial centre of Pakistan, as well as the capital of the province of Sindh. The city has an estimated population of 13 to 15 million, while the total metropolitan area has a population of over 18 million...

, Sindh

Sindh

Sindh historically referred to as Ba'ab-ul-Islam , is one of the four provinces of Pakistan and historically is home to the Sindhi people. It is also locally known as the "Mehran". Though Muslims form the largest religious group in Sindh, a good number of Christians, Zoroastrians and Hindus can...

, Pakistan

Pakistan

Pakistan , officially the Islamic Republic of Pakistan is a sovereign state in South Asia. It has a coastline along the Arabian Sea and the Gulf of Oman in the south and is bordered by Afghanistan and Iran in the west, India in the east and China in the far northeast. In the north, Tajikistan...

 was founded by Zulfikar Ali Bhutto

Zulfikar Ali Bhutto

Zulfikar Ali Bhutto was 9th Prime Minister of Pakistan from 1973 to 1977, and prior to that, 4th President of Pakistan from 1971 to 1973. Bhutto was the founder of the Pakistan Peoples Party — the largest and most influential political party in Pakistan— and served as its chairman until his...

. National Development Finance Corporation is the largest development finance institution of Pakistan performing diversified activities in the field of industrial financing and investment banking. It was established through an Act of Parliament in 1973 to finance public sector industrial enterprises but, later on, its charter was modified to provide finance to the private sector as well. The Corporation's resources consist of funds generated through its own deposit schemes, lines of credit from the State Bank of Pakistan

State Bank of Pakistan

The State Bank of Pakistan is the central bank of Pakistan. While its constitution, as originally laid down in the State Bank of Pakistan Order 1948, remained basically unchanged until January 1, 1974, when the bank was nationalized, the scope of its functions was considerably enlarged...

 and multilateral credit agencies.

Achievements

In line with the Prime Minister's aim of promotion of computer literacy. NDFC has established a most modern Computer Training Institute at Nawabshah, which was inaugurated by the Prime Minister Benazir Bhutto on July 13, 1994. This institution has been established with the most modern software tools, using state-of-the-art hardware computer training.

A US $ 425 million soft loan for Hub Power Project the largest thermal power project in Pakistan

Pakistan

Pakistan , officially the Islamic Republic of Pakistan is a sovereign state in South Asia. It has a coastline along the Arabian Sea and the Gulf of Oman in the south and is bordered by Afghanistan and Iran in the west, India in the east and China in the far northeast. In the north, Tajikistan...

as well as an approval given for US $110 million as mobilisation payment