Khushhali Bank
Khushhali Bank Limited is the first microfinance bank in Pakistan, founded in 2000.Khushhali Bank Limited was a part of the Government of Islamic Republic of Pakistan's Poverty Reduction Strategy and its Microfinance Sector Development Program (MSDP). MSDP was developed with the facilitation of Asian Development Bank (ADB). With its headquarters based in Islamabad, Khushhali Bank Limited operates under the supervision of the State Bank of Pakistan (SBP) and many central (commercial) banks are its shareholders. The mandate remains to retail microfinance services and to act as a catalyst in stabilizing the country's newly formed microfinance sector.
References
- ↑ "Highest degree of obligation and commitment". Daily Times. 31 October 2010. Retrieved 25 June 2012.
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