What happened: On April 23, Dr. Amjad Saqib, a philanthropist and the founder of Pakistan’s largest interest-free microfinance program Akhuwat, was nominated for the Nobel Peace Prize for his humanitarian work. Dr. Amjad Saqib is being recognized for his humanitarian work in poverty alleviation, and his program Akhuwat has also grown into Pakistan’s largest microfinance institution. Details: Dr. Amjad Saqib speaking about the nomination is quoted by TheNews as, “My services are beyond such awards and they are purely for the sake of Allah. No person can nominate himself for the Nobel Prize and there is no lobbying involved in the entire process.” It is pertinent to mention that Akhuwat founder is also one of the five recipients of the Ramon Magsaysay Award for “First of its kind interest and collateral-free microfinance program.” More: However, Dr. Amjad Saqib, as quoted by The News, wasn’t sure about the nomination and said, “An official of a foreign country might have recommended my name for the award as people across the world are familiar; with my services for humanity.” Who is Dr Amjad Saqib? He is a graduate of King Edward Medical University and started his career by joining the civil service in 1985. Served at various high-level government positions before the launch of Akhuwat, and the program has distributed the equivalent of $900 million and boasts an almost 100% loan repayment rate.
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