FWBL to be kept in public sector

The Government of Pakistan has decided to keep First Women Bank Ltd. (FWBL) in the public sector by purchasing the shares of private shareholder banks i.e. MCB, HBL, ABL and UBL through State Bank of Pakistan .This was told by Mrs. Shafqat Sultana President FWBL to the women parliamentarians of Sindh Assembly who visited FWBL on October 15, 2009. She briefed the parliamentarians about the performance of the Bank. First Women Bank Ltd. besides, being a commercial Bank with its socio-economic objectives is fully committed to work for the betterment of the society especially for the female population of the country, Mrs. Sultana further added.

Speaking on the occasion Ms. Shehla Raza Deputy Speaker Sindh Assembly expressed that the First Women Bank Ltd. credit products with the focus for women and its lending portfolio reflects the true model of FWBL that caters to women at all levels of economic activity and hoped that the Bank will introduce more products focusing on serving the poorest of the poor women.

For the Pakistani women Mohtarma Benazir Bhutto was a role model who had the vision to develop a society free of gender discrimination, something that is obvious from PPP manifesto and the measures she took during her past tenures as Prime Minister, Ms. Raza added.

Ms. Nargis N. D. Khan Sindh Minister for Social Welfare also attended the meeting.

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