21st Anniversary of First Women Bank Ltd

Glowing tributes were paid to Shaheed Benazir Bhutto for her vision of economic empowerment of women which led to creation of First Women Bank Ltd (FWBL) 21 years ago in the country. Speaking at the 21st birth day celebrations at a local hotel the speakers including Ms. Tauqir Fatima Bhutto, provincial minister for women development Government of Sindh , Mrs.Shafqat Sultana President/CEO/Chairperson FWBL, Ms Akram Khatoon, the founder president FWBL, Ms. Charmaine Hidayatullah EVP and Head of legal division, Area Heads from Peshawar, Faisalabad, Sialkot, a number of Customers, women entrepreneurs from private sector highlighted the significant role played by the bank for economic development in the country.

Speaking on the occasion Mrs.Shafqat Sultana, President FWBL said that 21 years ago in 1989, our visionary leader Shaheed Mohtarma Benazir Bhutto established FWBL with a twin aim of providing women of Pakistan access to credit and to employment opportunities in a new area i.e. Banking. Her vision has borne fruition and today the bank can justifiably claim its position as the only bank for women run by women in Pakistan. The establishment of a women bank in Iran and Tanzania on the pattern of FWBL is in fact a compliment to the vision of Shaheed Benazir Bhutto.

The President said” Not only have women in general been given access to credit and to employment opportunities and FWBL employees in particular continue to benefit from her desire to economically empower women. In this connection, Mrs. Shafqat Sultana expressed her thanks to the government for having included FWBL in the Benazir Employees Stock Option Scheme thereby transferring 12% shares and making FWBL employee’s beneficiaries of this scheme.

In fact FWBL’s keys strength is customer loyalty, built over the 21 years and therefore it is a matter of great satisfaction what FWBL has contributed towards the growth of women as entrepreneurs and agents of change.

She said that a number of our clients have graduated from running small to medium enterprises and the growth continues to corporate. FWBL has truly come a long way, its journey being replete with its share of obstacles and achievements. We are happy to share that FWBL deposits this year as of 30th November, are approximately touching the 10 billion mark and advances for the same period have reached the 7 billion mark .

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