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What is National Development Finance Corporation mean?
The National Development Finance Corporation (NDFC) was a corporation owned by the Government of Pakistan, with the original main purpose of providing financing to public enterprises. Later its objectives were expanded to also provide financing to private enterprises as well. It was created in 1973 through an Act passed by the Parliament of Pakistan, under the premiership of Zulfikar Ali Bhutto. It was amalgamated into the National Bank of Pakistan, by the regime of General Pervez Musharraf in 2001.
referencePosted on 28 Nov 2024, this text provides information on Miscellaneous in Business related to Business. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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