May 20, 2013
Islamabad, 15 April 2013 - Khushhalibank participated in the 3rd Islamabad Expo 2013 organized by Islamabad Women Chamber of Commerce and Industry, showing their untiring support and commitment to budding women entrepreneurs in Pakistan. Karachi, 25 March 2013 - Khushhalibank took a positive step towards the support and uplift of the industrious yet underprivileged strata of Pakistani population through the launch of Sehat Khushhali, Sehat Khushhali is Khushhalibank's first health insurance product for high quality in-patient treatment for its clients, free of cost. Islamabad, 21 March 2013 - Khushhalibank signed a 3-year Microsoft Enterprise Agreement with Microsoft Pakistan and InfoTech (Pvt.) Ltd, Microsoft’s Direct Large Account Reseller in Pakistan. Karachi, 4 March 2013- Malala Yousafzai, the world's youngest nominee for the Nobel Peace Prize from Pakistan, was honored with LADIESFUND® Khushhalibank Idol Award at the 5th Ladiesfund Awards 2013 ceremony held at Mohatta Palace Islamabad, February 27, 2013: Khushhalibank Limited, the first licensed microfinance bank in Pakistan expanded its network by opening six new branches in the Punjab region during the month of February 2013. These branches were opened in Minchanabad, Chiniot, Muzaffargarh, Fort Abbas, Alipur and Sadiqabad. September 15, 2012, Khushhalibank, joined hands with Dawood Global Foundation (DGF), Dawood Capital Management Limited (DCM) and Higher Education Commission (HEC) to promote women entrepreneurship by sponsoring the third LADIESFUND Entrepreneurship Conference, themed Cutting Edge Entrepreneurship (LEC 2012) n Karachi. August 10, 2012, Khushhalibank announced that it is extending its partnership with ShoreBank International Ltd (SBI), to develop and roll-out Khushhalibank branchless banking services in partnership with a national payment platform provider. June, 20, 2012, Khushhalibank sponsored a Sports Festival in Bhojowal village, Mandi Bahauddin. The festival consisted of an exclusive Kabaddi match, which was played between two local teams. May 31, 2012, SME Business Support Fund (BSF) and Ministry of Finance, Government of Pakistan arranged a SME FINANCIAL EXPO 2012 in Lahore.Khushhalibank also participated in the Expo by setting up a stall to provide information to the participants about microfinance in general and its products and services in particular. Ghalib Nishtar, President Khushhalibank who was the Guest of Honor at the Expo. 14 May 2012: Khushhalibank launches its 100th Online branch at Pattoki. Online/ real-time banking allows clients to access their funds and make transactions from any of the real-time branch offices of the bank. 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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Advisor to US Executive Director Asian Development Bank visits Khushhali Bank
Date: 19th August 2008
Christopher Grewe Advisor to US Executive Director in Asian Development Bank (ADB) visited Khushhali Bank in order to review the bankâ€™s progress since inception in August 2000 and took up this opportunity to interact with the Bankâ€™s employees and its clients and gain first hand knowledge regarding the Bankâ€™sÂ operations and future plans
During his visit Christopher Grewe also attended a small Award Distribution Ceremony held at the Bankâ€™s Corporate Office, whereby eight micro entrepreneurs from across Pakistan were awarded certificates and cash prizes as an acknowledgement of their achievements. Christopher Grewe was pleased to see the works of these entrepreneurs and the advancements that they have made through the productive use of the loans sanctioned to them by Khushhali Bank Limited (KBL). Whilst expressing his views on the exceptional achievements of these entrepreneurs Advisor to US Executive Director Asian Development Bank, Christopher Grewe said â€śIt is a matter of privilege to present these commendableÂ micro entrepreneurs with these awards, as today their businesses are a testament of their hard work, dedication and passion to excelâ€ť. He further added â€śthese constructive activities reflect khushhalibankâ€™s strong commitment towards the empowerment of entrepreneurship for Improving livelihoodâ€™s amongst low Income householdsâ€™
At the occasion President Khushhali Bank, Ghalib Nishtar whilst sharing his views said â€śKhushhali Bank, through these awards aims to cultivate the spirit of entrepreneurship, which once nurtured will lead to empowerment and community Â building. These awards serve to encourage theseÂ entrepreneurs and motivate them to contribute towards their household Income as well economic growth at the grass root levelâ€™
Eradicating poverty takes time and multifaceted Interventions but providing these micro entrepreneurs with the necessary means to build a better and sustainable future through access to capital is a positive Â step in this direction. Khushhali Bank continuously works towards expanding the scope of its services to low Income segments particularly across less developed and marginalized areas and providing opportunity to earn their own livelihood through microfinance.
About Khushhali Bank
Khushhali Bank (KB) is rated as Pakistanâ€™s largest and fastest growing retail microfinance bank operating under the Central Bank regulations across 88 districts of the country. Established in 2000, the Bank is funded by leading international financial institutions as a partnership between public, multinational and private sector commercial financial institutions. KBâ€™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 countryâ€™s rural and urban divides.
Khushhali Bank Limited was established through an initial funding of US$ 150mn from the Asian Development bank Â under the Government of Pakistanâ€™s Microfinance Sector Development Program which concluded successfully on schedule on June 30, 2007.
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