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 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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   Khushhali Bank Limited to Promote Entrepreneurs through Shell Tameer Awards
   
  Location: Lahore
  Date: 7th May 2008
   
 
Pioneers of microfinance in Pakistan, Khushhali Bank endeavors to encourage the micro and small entrepreneurs through various avenues, one of which has been to sponsor the Annual Shell Tameer Awards which recently took place in Lahore at the Lahore University of Management Sciences (LUMS). These awards are given by Shell Tameer every year to cultivate the spirit of entrepreneurship towards aptitude building and community recruitment. These awards serve to boost the morale of these young entrepreneurs and motivate them to move the economic engine of the country, whilst they learn to become self-sufficient, contributing members of the society. These are such constructive activities that reflect a company’s strong commitment towards the society in which it operates.

Shell Tameer is an international initiative, globally running in 27 countries by the name of LiveWIRE. The program was launched on 20th January 2003 and gradually developed a Trust of internal and external members. It is a sustainable development program funded by International Shell and Shell Companies in Pakistan whilst Khushhali Bank was one of the sponsors of the Shell Tameer annual awards.

Eradicating poverty takes many years but providing the right direction to the entrepreneurs for a better and sustainable future is more than a hope and is exactly what Shell Tameer and Khushhali Bank seek to achieve through this initiative. Khushhali Bank Limited continuously works towards increasing the standard of living of small entrepreneurs from underdeveloped and marginalized areas and enables them to earn their own livelihood through microfinance. Moreover, Khushhali Bank Limited extends its support to Tameer by sponsoring its Entrepreneurship Awards which aims to provide a platform to the youth by promoting and uplifting a collaborative environment for exchanging knowledge and experience between developed, aspiring and learning members.

Shell Tameer Awards also aims to identify role models & success stories from across the country; Tameer holds an awards ceremony to give recognition to these young, thriving businesses and their owners. Shell Tameer has selected 50 role models to date; these role models hail from various classes of the economy i.e. they are chosen irrespective of their socio-economic backgrounds. Once selected, these role models are then asked to showcase their products or services at the Annual Awards Ceremony as an example for everyone and are awarded prizes for their achievements. This year’s winners include Taj Traders from Hyderabad who won a Santro Car as the 1st prize, for their Bangle-Making Business, while Mustafa Khan, Owner of Vivo Cosmetics in Peshawar was the 1st runner up and was awarded a motor bike. The third prize, a laptop went to Amna Ansir from Islamabad for her Pizza business.

Khushhali Bank’s client Ghulam Sakina was one of the top ten role models selected by Shell Tameer for this year’s annual awards. Ghulam Sakina is a successful and passionate entrepreneur who warrants special recognition in this regard. Seizing the opportunity provided under Khushhali Bank’s microfinance scheme, Ghulam Sakina wanted to start a business of her own rather than sitting idle at home, whilst her husband worked hard in a mill to support his family. She took a loan of 100 PKR from her mother and started a very small grocery store outside her house. Re-investing the earned money again and with assistance from Khushhali Bank; she steadily started a small grocery shop. Later she bought one buffalo, sew rali (a small colorful rug) and added cosmetics items to the shop. Slowly her business expanded and her husband left the mill to take care of the shop and supply milk to the neighborhood. Today Ghulam Sakina believes that one should invest in more than one means of income and work hard in order to become self-sufficient. In future she plans to have an employee for her live stock business, buy more buffalo and to extend her shop to a bigger extent.

About Khushhali Bank: Khushhali Bank (KB) is rated as Pakistan’s largest and fastest growing retail microfinance bank operating under the Central Bank regulations. Established in the year 2000, the bank is funded by leading international financial institutions as a partnership between public, multinational and private sector commercial financial institutions. KB’s mission is to market financial services tailored for the low income segment in line with international microfinance practices through an extended network operating across the country’s rural and urban divides.
   
  For Press Information, Please Contact:
 

Ms. Rehana Mohyuddin at Khushhali Bank, Tel:  051-111-092-092.

 

Mr. Faraz Ali Ansasri at Xenith Public Relations, Tel: 021 -5343683

   
 
       
     
   
 
 
 
 
 
 
 
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