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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 extends outreach of its Scholarship Program to facilitate the youth  in Balochistan
   
  Location: Quetta
  Date: 24th January 2008
   
 
Quetta, 24th January 2008: Khushhali Bank Limited (KBL) in association with United States Agency for International Development (USAID) has extended the outreach of its Scholarship Program in collaboration with the Baluchistan University of Information Technology, Engineering & Management Sciences (BUITEMS), Quetta.

An award ceremony was organized to mark the occasion, during which the scholarships were distributed to the qualifying students by Ghalib Nishtar, President Khushhali Bank Limited. These are merit-based scholarships, which are awarded to the deserving students once they qualify for a degree program as per the admission criteria of the University. The scholarships include the tuition and examination fees, along with course related material/books, boarding & lodging expenses. The students who receive these scholarships may also be offered special internship opportunities during the course of their education.

Khushhali Bank Limited, through its 10 branches in Baluchistan, operates in several districts of the province. The bank has so far serviced 50,579 loans in the province under various categories of agriculture, live stock, asset purchase, working capital and new business.

USAID’s support to Khushhali Bank Limited for the Scholarship Program is a part of the $1.5 billion in aid that US Government is providing to Pakistan over a period of five years to improve economic growth, education, health, governance and reconstruction of earthquake affected areas.

Ghalib Nishtar, President, Khushhali Bank Limited, extended his appreciation to USAID on the occasion and acknowledged their support for facilitating an initiative, which is aimed towards promoting education in the remote areas of Pakistan. He further mentioned the dire importance of promoting education, especially in Balochistan, which is the largest province of Pakistan, yet lags behind as far as development is concerned. He said “a major segment of our society is deprived access to quality education, which is one of the main impediments towards the nation’s economic development and growth. Through this scholarship program, we aim to empower students from under-developed areas, via opportunities that specifically cater towards their intellectual and professional development”.

He further mentioned that Khushhali Bank Limited - USAID Scholarship Program, launched in the year 2005, has awarded more than 88 scholarships to date to deserving candidates in prestigious universities of the country like IBA (Karachi and Sukkur), LUMS (Lahore), SZABIST (Karachi) and IMS Hayatabad (Peshawar). BUITEMS has previously been awarded 13 scholarships and with the additional 06 scholarships, the total number of their students availing scholarships under USAID - Khushhali Bank Limited Scholarship Program will go up to 19.

Commenting on this collaboration, Ahmed Farooq Bazai, Vice Chancellor, Baluchistan University of Information Technology, Engineering and Management Sciences (BUITEMS), lauded Khushhali Bank Limited for extending this initiative. “This Scholarship Program has given many deserving students a chance to obtain quality education, and we at BUITEMS are happy to play our role in investing towards the future of our younger generation.”

About Khushhali Bank Limited: Khushhali Bank Limited (KBL) 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. KBL’s mission is to market financial services tailored for the low income segment in line with international microfinance practices through extended network operating across the country.
   
 
 
 
 
 
 
 
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