FRIDAY May 18, 2012  
   
News:
 Islamabad, 5 March 2012, Pakistan and Afghanistan are committed to strengthen Microfinance Sector. It was agreed at the meeting between Ghalib Nishtar, President, Khushhalibank and visiting officials from Afghanistan that both Pakistan and Afghanistan, being neighboring developing countries in the Asian region, can benefit by developing and promoting the financial Infrastructure to support microfinance through continuous knowledge and skill sharing experiences of their respective markets.                  Karachi, February 2012, Khushhalibank and IBA Entrepreneurship Society Announce Winners of the ISERVE 2012 - a unique social enterprise competition aimed at providing students a platform to contribute significantly towards the community in the form of sustainable social ideas and creating a new generation of viable social ventures.                  Peshawar, 23 February 2012, Khushhalibank and Beacon-house join hands for �Model United Nations 2012� (MUN). MUN is an academic simulation of the United Nations that aims to educate participants about current affairs, international relations, diplomacy and the United Nations agenda. The Frontier Campus Beacon-house Model United Nation (FC-BMUN) is the first ever MUN conference to be held in Peshawar.                  Islamabad, February 1, 2012, Khushhalibank and NUST join hands to host All Pakistan Model United Nations Conference 2012.                  September 21-22, 2011, Khushhalibank sponsors the World Islamic Finance Summit 2011.                  September 20, 2011, Khushhalibank partners with the National University of Sciences and Technology (NUST) as platinum sponsor in a nationwide business plan competition, titled 'Discover � Prosperity through Entrepreneurship'.                  September 16, 2011, Khushhalibank joins hands with Dawood Global Foundation (DGF) to promote women entrepreneurship by sponsoring the second LADIESFUND Entrepreneurship Conference (LEC 2011).                  August 01, 2011, The first Center for Entrepreneurship and Leadership (CEL) by SME Business Support Fund (BSF) was inaugurated at SZABIST Islamabad by Ghalib Nishtar, President Khushhalibank.                  May 25, 2011, The Microcredit Summit Campaign (MSC) status report ranks Khushhalibank as one of the biggest microfinance entities of the region having served two and a half million relationships and having over four hundred thousand active clients.                  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 Khushhalibank's 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 Khushhalibank's ability to withstand tough operating environment and maintain its market standing. It also highlights the bank's 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 country's 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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   Khushhalibank and NUST join hands for ‘Discover– Prosperity through Entrepreneurship’
   
  Location: Islamabad
  Date: September 20, 2011
   
 
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, which has also been endorsed and sponsored by the Honorable Prime Minister of Pakistan, His Excellency Syed Yousuf Raza Gilani titled the "Prime Minister's Entrepreneurial Challenge – Discover; Prosperity through Entrepreneurship ".

Discover is a one of kind event, which served as a platform to showcase the business acumen of students from across 40 universities including NUST. Participating students were given 6 months to prepare and submit a viable business plan, in line with the Pakistani economy, and having the potential to be a successful business model. Apart from testing the innovative capacities of the youth, the competition aimed at instilling a sense of confidence and team work. The winning team will be awarded PKR 500,000 while the first and second runner ups will receive PKR 300,000 and 250,000 respectively and all top five teams will be awarded six months of free space and incubation services at Technology Incubation Center NUST, a pioneer university based incubation center of the country.

Mr. Ghalib Nishtar, President, Khushhalibank, speaking at the event said, “On behalf of Khushhalibank, I would like to congratulate all the winners for putting in so much thought, creativity and effort. Hard work never goes unrewarded, and the initiative by these students is a testament to the potential of Pakistan’s future business leaders. I have no doubt in my mind that the youth of Pakistan has an abundance of talent and intellect.”

Engr. Muhammad Mushtaq, Pro Rector (Research Innovation and Commercialization) in his address at the occasion highlighted that, “The first ‘Discover – Prosperity through Entrepreneurship” has been extremely successful, with a variety of business plans portraying the importance of entrepreneurship. We must thank Khushhalibank for their support in encouraging the potential of Pakistan’s students, and we look forward to fostering our relationship to further our contribution and support for Pakistan’s educational landscape.”
   
 
 
 
 
 
 
 
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