The Extraordinary Ggeneral Meeting of Khushhali Bank has elected new members of the Board of Directors (BoDs) for a term of three years.
The newly elected members of the Board of the bank comprise four directors representing the shareholders namely: National Bank of Pakistan's President Syed Ali Raza, Habib Bank Limited President Zakir Mahmood, Askari Bank Limited President Shaharyar Ahmed and MCB Bank Limited President Arif Aslam Bajwa.
The three non-shareholding Independent Directors include Abid Hasan, former Operations Advisor, World Bank Group in Washington, Samina Rizwan, Regional Director, Oracle Corporation, Zia Niazi, a Development sector specialist and Ghalib Nishtar, Ex-Officio Director and President Khushhali Bank.
The members of the Khushhali Bank's BoDs bring with them well-diversified experience from a cross section of industry leaders and will provide strategic direction and policy guidelines for the future
On the occasion, Khushhali Bank President Ghalib Nishtar briefed the shareholders on the Micro-finance Sector Development Programme of the Government of Pakistan. Which has been successful in terms of catalysing the environment for Micro-finance within the country as well as attracting global spotlight through the establishment of specialised Micro-finance Institutions Framework.
He added that six microfinance banks so far been licensed used under the framework with private sector investment and several opportunities are emerging within the microfinance sector in the country.-PR