Dr. Firdous Ashiq Awan Federal Minister for Women Development Visited FWBL

Dec. 28, Karachi.

Federal Minister for Women Development, Dr. Firdous Ashiq Awan on Tuesday said that we need to do all the women development works at grass-root level, then we will achieve desired target. The federal minister during her first visit to the head office of the first Women Bank Limited (FWBL) appreciated the Bank’s efforts for improving the life-style of the women, but, she said that we still need to do more to achieve further improvement.

In the meantime, she said that to get better results in respect of the women development programme, the government is planning to begin Women Policy vision 20/20. Dr Firdous said that for the betterment of the women welfare work we think to make groups of women to make the programme successful, so that they will be able to get the due share in the development programme and in the society, too.

She congratulated Mrs. Shafqat Sultana  President FWBL and her team for setting new trends in the financial sector despite all constraints. The Minister hoped that the Bank will introduce more products focusing on serving the poorest of the poor women.

Mrs. Shafqat Sultana President First Women Bank Limited told the Minister  that FWBL has contributed towards the growth of women as entrepreneurs and agents of change. A number of FWBL ‘s clients have graduated from small to medium enterprises and the growth continues to corporate. FWBL has so far disbursed Rs. 28 billion.

She further stated that Bank has Rs 10,124 million deposits and has advanced Rs 7,461 million (September 30, 2010). The bank has gathered Rs 12,804  million as total assets with the profit of Rs 50 million and net asset value of per share of Rs.38.55. FWBL’s paid up capital stands at Rs284 million and the shareholders equity at Rs 1093  million.  The bank not only provides complete banking service but also some support services exclusively for the women like skill and  computer literacy etc.

We have a vision at FWBL which is to be the lead Bank for women. To grow from a branch network of 38 in 23 districts to 100 branches and more in every city of Pakistan, to enable women’s access to financial resources and economic empowerment, she said.

The Minister was also informed that Bank is facing challenges like  implementation of Basel II, minimum capital requirement, organizational restructuring and human resource re-organization etc wherein it looks forward to the government for immediate intervention.

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