SUNDAY February 5, 2012  
   
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August 11, 2011, Khushhalibank celebrates its 11th anniversary today, with a resolve to take on new challenges and setting further milestones as a pioneer in microfinance banking in Pakistan.                  May 05, 2011 , Khushhalibank and Western Union signed an agreement to introduce international inbound remittance services in 76 districts across Pakistan where Khushhalibank operates. This agreement makes KBL the first microfinance institution in Pakistan to introduce the cross border inbound remittance service, thereby facilitating a large segment of rural population to receive money from overseas through Khushhalibanks wide network of 109 branches.                  May 03, 2011 , JCR-VIS Credit Rating Company Limited (JCR-VIS) has upgraded the entity ratings of Khushhalibank, to A (Single A) from A- (Single A Minus) for the medium to long-term and A-1 (A One) from A-2 (A Two) for the short-term. The ratings reflect Khushhalibanks ability to withstand tough operating environment and maintain its market standing. It also highlights the banks position as one of the largest microfinance bank operating in the MFB sector in Pakistan.                  February 26, 2011, Khushhalibank, while acknowledging the contributions made by young entrepreneurs in various sectors became the exclusive partner of IBA Verve 2011 organized by IBA Entrepreneurship Society (IBAES) and Center for Entrepreneurial Development. The event took place in Karachi and was graced by the some of the countrys most renowned businesspersons. IBA VERVE 2011 was a unique platform in which students were exposed to real life success stories and industry best practices.                  February 22, 2011, Khushhalibank's clients won the highest numbers of awards during the 7th Citi-PPAF Awards held in Islamabad. Sajan, a client of Mithi Branch, was awarded a prize of Rs. 110,000 for being the Regional Winner from Sindh. His loan officer Jhaman Das received a cash prize of Rs. 25,000. In runners up category, Kalsoom Bibi from Rawalpindi Branch and Muhammad Azeem from Gawadar Branch were awarded a cash prize of Rs. 80,000 each and their loan officers Adeel Shaehzad and Khadim Hussain were given a cash prize of Rs. 20,000 respectively.                  August 11, 2010, Khushhalibank successfully completes 10 years of micro-finance banking in Pakistan. Ghalib Nishtar, President Khushhalibank, expressing his views on the occasion said, "Today, we have made our contribution by making a difference in hundreds and thousands of lives across the country by providing financial service access to the unbanked segments of the population."                April 19, 2010, Khushhalibank held its Annual Sales Conference at PC Bhurban to review the performance for the year 2009. The conference was chaired by Ghalib Nishtar, President, Khushhalibank and attended by all Departmental Heads and the Retail Unit from the Corporate Office, and Regional Business Managers and Territory Portfolio Managers from their respective Regions.                  February 16, 2010, Khushhali Bank in collaboration with American Business Council has given the first 20 cheques to the affected traders of Bolton Market under 'Bolton Market - Business Revitalization Program' of USAID in a ceremony held in Karachi. Khushhali Bank is managing the process of grant disbursement of USAID's funds of PKR 1 billion for the program.                  August 11, 2009, Khushhali Bank celebrates its ninth anniversary to acknowledge the contribution and hard work of its employees, while resolving to make its clients a priority and rejoicing the unprecedented success of past nine years.                  Khushhali Bank Limited re-constitutes its Board of Directors for a term of three years. Syed Ali Raza, President, National Bank of Pakistan, being the chairman, the new Board of Directors consists of seven members, four representing the share holders three non share holding Independent Directors.                 
 
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 Home > Media Center > Events Coverage
 
 
   World Islamic Finance Summit 2011
   
 
The World Islamic Finance Summit 2011 was held in Karachi on September 21-22 under the patronage of State Bank of Pakistan. The theme of the two-day summit was “Islamic finance growth and opportunities”.
   
  Date: September 21-22
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   Khushhalibank and NUST join hands for ‘Discover– Prosperity through Entrepreneurship’
   
 
Khushhalibank, keeping in line with its vision of promoting entrepreneurship, partnered with the National University of Sciences and Technology (NUST) as platinum sponsor in a nationwide business plan competition held on September 20, 2011, which has also been endorsed by the Honorable Prime Minister of Pakistan, His Excellency Syed Yousuf Raza Gilani titled the "Prime Minister's Entrepreneurial Challenge – Discover; Prosperity through Entrepreneurship ".
   
  Date: September 20, 2011
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   Khushhalibank and Dawood Global Foundation join hands to promote Women  Entrepreneurship
   
 
Khushhalibank joined hands with Dawood Global Foundation (DGF) to promote women entrepreneurship by sponsoring the second LADIESFUND® Entrepreneurship Conference held on September 16, 2011 in Karachi.
   
  Date: September 16, 2011
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   Celebrating 11th Anniversary
   
 
Khushhalibank (KBL) celebrated its 11th anniversary on August 11, 2011. with a resolve to take on new challenges and set higher milestones as a pioneer in microfinance banking in Pakistan. In past 11 years the bank has achieved several important milestones and launched many products and services to benefit the low income segment of the society. The bank has undergone a successful transition from a purely micro credit institution to the launch of full scale banking services. Commenting on the role of microfinance services to promote entrepreneurship in Pakistan, Ghalib Nishtar stated “Our branch network throughout Pakistan is playing a key role in reaching out to the aspiring entrepreneurs.
   
  Date: August 11, 2011
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   Inauguration of Center for Entrepreneurship and Leadership (CEL) at SZABIST Islamabad
   
 
The first Center for Entrepreneurship and Leadership (CEL) by SME Business Support Fund (BSF) was inaugurated at SZABIST on August 01, 2011 in Islamabad by Ghalib Nishtar, President Khushhalibank. Mr. Nishtar while giving his key note speech appreciated the efforts of SME Business Support Fund in promotion of entrepreneurship in the country. He stressed that the economic growth today is possible only through encouragement of entrepreneurship and initiatives such as CEL will definitely pay dividends in terms of increased exports, enhanced GDP, job creation and improved overall competitiveness.
   
  Date: August 01, 2011
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   Talent Expo 2011 at NUST
   
 
The National University of Science and Technology (NUST) a prestigious university of Pakistan organized “NUST Talent Expo 2011” on June, 14 2011, at its Islamabad Campus. The objective of the expo was to provide a networking platform for the industry and corporate sector to meet talented human resource in the disciplines of Engineering and Business Administration. Dr Asfaq Hassan, Principal, NUST Business School, welcomed the Chief Guest of the event Mr. Ghalib Nishtar, President, Khushhalibank and officials of other participating companies from both private and public sector.
   
  Date: June, 14 2011
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   Agricultural Expo held in Multan
   
 
Khushhalibank has entered into a Cooperative Agreement with USAID titled Tube well Efficiency Project (TWEP). TWEP aims at the replacement of up to 11,000 energy-inefficient tube wells pump sets. Under TWEP, United States Agency for International Development (USAID) is providing subsidy equivalent to 50% of the cost of efficient tube well pump sets. Under the agreement Khushhalibank has the role of disbursement service provider.
   
  Date: 4-5 June, 2011
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   Partnering with Western Union for Global Remittance
   
 
Khushhalibank has made a commercial agreement with Western Union on May 06, 2011 to introduce international inbound remittance services in 76 districts across Pakistan where Khushhalibank operates, starting with Karachi, Lahore and Rawalpindi.
   
  Date: May 06, 2011
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   Annual Sales Conference
   
 
Annual Sales Conference was held on 16th April 2011 at Bhurban. The conference was chaired by Mr. Ghalib Nishtar, President Khushhalibank and the participants included all Head of Departments, National Sales Manager, Manager Marketing, Manager Resource Planning & Budgeting, Regional Business Managers and Area Managers. The objective of the conference was to review Retail performance for the year 2010 and share Retail Strategy for the year 2011. Presentations were made on Regional performance by the Regional Business Managers, followed by area wise feedback by the Area Managers.
   
  Date: 16th April 2011
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   Khushhalibank sponsors ‘Islamabad Expo 2011’.
   
 
The Islamabad Women Chamber of Commerce & Industry (IWCCI) organized 'Islamabad Expo 2011 on 9 – 10 April, 2011 at Jinnah Convention Center Islamabad. The event was co-sponsored by Khushhalibank (KBL) and United Nations Industrial Development Organization (UNIDO). Women from across the country took active part in the expo with high hopes of meeting their financial challenges. The two-day festival included a variety of stalls including women apparel, jewelry, ceramic pots, furniture, and marble. The Expo also witnessed participation from various financial institutions.
   
  Date: 9 – 10 April, 2011
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   Khushhalibank Exclusive Partner for IBA Verve 2011
   
 
Recognizing the effective role entrepreneurs play in improving the economic conditions of Pakistan, Khushhalibank, the premier microfinance institution of the country, became the exclusive partner of IBA Verve 2011 organized by IBA Entrepreneurship Society (IBAES) and Center for Entrepreneurial Development. This annual summit is one-of-its kind entrepreneurial event which is attended by young aspiring entrepreneurs, students and renowned entrepreneurs across the country. The unique entrepreneurial summit was held on 26th February 2011 in Karachi.
   
  Date: 26th February 2011
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   Khushhalibank’s Micro Entrepreneurs shine at the 7th CITI-PPAF Awards
   
 
Khushhalibank, the largest microfinance bank in the country, endeavors to encourage the micro and small entrepreneurs of Pakistan through various avenues, one of which has been to take part in the CITI-PPAF Awards. The 7th CITI-PPAF Micro Entrepreneurship Awards were held on February 22, 2011 in Islamabad. The prestigious award ceremony was honored by the Chief Guest Ms. Hina Rabbani Khar, Minister of State for Foreign Affairs.
   
  Date: February 22, 2011
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   Khushhali Bank participates in 3rd International Microfinance Country Forum 2009
   
 
The 3rd International Microfinance Country Forum, 2009, was inaugurated by the Honorable Governor of State Bank of Pakistan Syed Salim Raza in Islamabad on Saturday, November 21, 2009. Khushhali Bank Limited (KBL) was one of the main sponsors of the conference which has been organized by Shamrock Communications for the third consecutive year. The forum witnessed huge attendance by prominent delegates from both public & private sector with participation from KBL and other prestigious Pakistani & Foreign organizations. The conference addressed many topics related to microfinance with special emphasis on “Mass Accessibility and User-friendly Resources” in Pakistan.
   
  Date: 21st November 2009
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   Khushhali Bank Limited lends its support to students
   
 
Khushhali Bank Limited (KBL) in association with United States Agency for International Development (USAID) extended the outreach of its scholarship program by awarding 42 more scholarships to the students of University of Peshawar, City University, Peshawar and Institute of Management Sciences, Peshawar, in a ceremony held in Islamabad on June 29, 2009. This has increased the total number of scholarships awarded to students to attend prestigious universities across the country under the KBL – USAID Scholarship program to 332.
   
  Date: 29th June 2009
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   Khushhali Bank Limited Extends Scholarships to FATA Students  
     
 

Khushhali Bank Limited (KBL) awarded 22 more scholarships to the students of City University of Science and Information Technology, Peshawar, in a ceremony held in Islamabad on June 18, 2009. These scholarships awarded to the students of Federally Administered Tribal Areas (FATA) raised the total number of scholarships extended to the City University to 67.

 
     
  Date: 18th June 2009  
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   Khushhali Bank extends 27 new scholarships to the students from FATA  
   
 
Khushhali Bank Limited (KBL) in association with the United States Agency for International Development (USAID) awarded 27 new scholarships to the students from FATA studying at the University of Peshawar on December 29, 2008 at a ceremony hosted by the University.

Khushhali Bank in association with USAID initiated the scholarship program in 2005, allowing universities across the country to provide opportunities to eligible students from marginalized areas in Sindh, Balochistan and FATA to acquire higher education.
 
  Date: 29th December 2008
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   5th Citi-PPAF Micro Entrepreneurship Awards, 2008
   
 

5th Citi-PPAF Micro Entrepreneurship Awards, 2008, were held on December 01, 2008. These awards are given every year by Citibank and Pakistan Poverty Alleviation Fund to recognize the achievements and contributions of individual micro entrepreneurs towards economic sustainability of their families as well as communities. Citi-PPAF Awards also aim at illustrating and promoting the effective role that microfinance has played in poverty alleviation around the world and thereby encourages and supports the growth of microfinance industry in Pakistan. Citibank runs this programme in 28 countries across the globe to create awareness about the microfinance industry and to support its growth through due recognition of outstanding micro entrepreneurs.

   
  Date: 01st December 2008
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   Khushhali Bank Extends Scholarships to FATA Students Enrolled in IBA
   
 
Khushhali Bank Limited (KBL) in association with United States Agency for International Development (USAID) awarded merit-based scholarships to two students of FATA at the Institute of Business Administration (IBA), Karachi on September 01, 2008.
   
  Date: 01st September 2008
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   2nd Pakistan Microfinance Country Forum 2008 held on August 28 in Islamabad
   
 
The 2ND Pakistan Microfinance Country Forum 2008 with a special emphasis on “Rural Outreach Development for Poverty Alleviation” was held at the Marriot Hotel, Islamabad, with participation from delegates representing Pakistani and foreign organizations, financial institutions and other groups.
   
  Date: September 2008
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   Advisor to US Executive Director Asian Development Bank visits Khushhali Bank
   
 
On August 19, 2008 Christopher Grewe Advisor to US Executive Director in Asian Development Bank (ADB) visited Khushhali Bank in order to review the bank’s progress since inception in August 2000 and took up this opportunity to interact with the Bank’s employees and its clients and gain first hand knowledge regarding the Bank’s operations and future plans
   
  Date: 19th August 2008
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   Khushhali Bank Limited extends its support to the Indus Entrepreneurs
   
 
In June 2008 The Indus Entrepreneurs (TiE) formally launched its Islamabad Chapter at an event held in Islamabad. The Indus Entrepreneurs is a global not-for-profit organization that currently operates through 49 Chapters across 11 Countries. TiE helps entrepreneurs by way of advice, guidance and assistance from successful and experienced entrepreneurs and professionals. It focuses on promoting a system conducive to the spirit and growth of entrepreneurship.
   
  Date: 13th June 2008
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   Khushhali Bank Limited awarded Approved Employer Certification by ACCA
   
 
The Association of Chartered Certified Accountants (ACCA) awarded The Approved Employer Certification to Khushhali Bank Limited in a ceremony held in Islamabad on March 05, 2008. This has made Khushhali Bank Limited an alliance partner of the ACCA. During the ceremony, the certification was formally presented to Mr. Ghalib Nishtar, President, Khushhali Bank Limited, by Mr. Arif Masud Mirza, Head ACCA Pakistan.
   
  Date: 5th March 2008
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   Scholarship Awarding Ceremony for the students of FATA
   
 
In March 2008, Khushhali Bank Limited (KBL) in collaboration with the United States Agency for International Development (USAID) awarded thirty four new scholarships to the students of Federally Administered Tribal Areas, currently enrolled with Institute of Management Studies, University of Peshawar.
   
  Date: March 2008
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   Khushhali Bank Limited Participates in Ambassadors’ Conference
   
 
Earthquake Reconstruction & Rehabilitation Authority (ERRA) organized an Ambassadors’ Conference on February 7, 2008. During the conference the Deputy Chairman, ERRA, briefed the ambassadors of different countries about ERRA’s reconstruction efforts. A session of the conference was dedicated to Social Protection Programs.
   
  Date: 7th Feburary 2008
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   Khushhali Bank Limited Scholarship Awarding Ceremony in Quetta
   
 
In January 2008, Khushhali Bank Limited awarded six more scholarships to the students of Baluchistan University of Information Technology, Engineering & Management Sciences (BUITEMS), Quetta, in collaboration with United States Agency for International Development (USAID). BUITEMS has previously been awarded eleven scholarships and with these six additional scholarships the total number of their students availing the same under USAID - Khushhali Bank’s Limited Scholarship Program has gone up to seventeen.
   
  Date: January 2008
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   Khushhali Bank Limited Signs a Contract with Shore Bank International for an Extensive  Training Program
   
 
In December 2007, Khushhali Bank Limited (KBL) signed a contract under United States Agency for International Development (USAID) project of ‘Widening Harmonized Access to Microfinance’ (WHAM) implemented by Shore Bank International Limited (SBI) to acquire SBI’s services for customized mid-level staff training program for the bank.
   
  Date: December 2007
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