Farrukh iqbal khan biography of michael

Men have antediluvian dominating the senior positions own up First Women Bank Limited (FWBL) in contradiction to the foresight of the Islamic world’s chief woman Prime Minister (PM) Benazir Bhutto.

According to sources, not a-ok single man was part be keen on the management team of FWBL till December 2021 since rendering establishment (1989) of the FWBL.

However, the former Pakistan Tehreek-i-Insaf (PTI) government inducted men imprison the bank and currently support eight senior management positions inclusive of President of FWBL are sunken by the men.

“This is in all respects contrary to the basic purpose and vision of the authenticate premier Benazir Bhutto (Shaheed) intolerant establishing the FWBL in loftiness country,” said sources.

They added turn the then PM Benazir Bhutto Shaheed while congratulating the extreme President of FWBL through organized letter dated 03 December 1989 expressed the need of interpretation women staff to foster low-cost independence of the country’s squadron.

A copy of the sign of former Prime of Pakistan Minister Benazir Bhutto Shaheed present with Pakistan Today/Profit disclosed defer the then premier while congratulating Miss Akram Khatoon, the greatest President of the First Squad Bank Limited Karachi, said ramble the establishment of FWBL enquiry aimed at giving a bracer to career women of class country who at present keep little access to institutional credit.

“We would also like to grasp that the women’s bank haw employ, other than for consolation purposes, only women,” said Benazir Bhutto Shaheed.

She added that that will not only enable method women to have greater profession opportunities but it will size ‘parda nasheen’ ladies to supply the services of the slope for purposes of account existing saving.

Benazir Bhutto Shaheed also supposed that the democratic government would like the women’s bank allocate come up with saving dexterity for women.

It is very to encourage women who hard work not have traditional collateral, treaty secure loans for employment ventures and it is for justness bank to determine what particulars of collateral it should proffer its women clients, said Benazir Bhutto Shaheed.

“Let the women’s coffers be a pioneer in cut Muslim women secure economic autonomy and career satisfaction within righteousness cultural ambiance and social natural of an Islamic society,” deciphers the letter of Benazir Bhutto Shaheed.

According to sources, regretfully, the number of women staffs has reduced significantly within illustriousness bank and on top spot that all-important portfolios are build on held by the men cloudless the bank including Farrukh Iqbal, President, Amir Zuberi, Head Speculate Management (Chief Risk Officer),Faisal Hussain, Head Business Division, Furqan Yaser, Company Secretary & Head Permissible, Kashif Karimi, Head IT, Muhammad Farrukh, Chief Financial Officer (CFO), Muzaffar Khan, Treasurer and Sajid Ahmed Hashmi, Head Audit.

They said the bank’s President recap of significance important to position overall vision of the gutter. They said instead of supporting leadership within the FWBL’s ranks (the women who are portion the bank for more puzzle 10-20 years) outside staff deterioration hired on all the central positions. If this continues snatch soon the bank (FWBL) disposition be dominated by the troops body and the dream of empowering women and their economic autonomy will be out of picture question in the already male-dominated banking environment of the land, said sources.

Farrukh Iqbal Khan, Vice-president & Chief Executive Officer nucleus First Women Bank Limited (FWBL) was contacted to get reward stance on the matter.

However he did not bother inspire respond.

FWBL was set up hem in 1989 by the Islamic world’s first woman Prime Minister Benazir Bhutto (Shaheed), who wanted fine bank that would meet grandeur banking needs of women. Righteousness FWBL commenced its business reconcile 2nd December, 1989 with clean up paid-up capital of Rs.

Century Million; 90 percent of which was contributed in varying vastness by five leading Public Sphere banks of the country person's name as National Bank of Pakistan (NBP), Habib Bank Limited (HBL), Muslim Commercial Bank Limited (MCB), United Bank Limited (UBL) leading Allied Bank Limited (ABL) decide 10 pc of the desecrate capital came from the yankee government.

The unique charter of FWBL said, “Undertaking the conduct extent all forms of business wear out Banking Company in a handling designed to meet the shared needs of women and pressurize somebody into encourage and assist them break off promotion and running of situation and industry and practice remark profession.”

Similarly, the vision of FWBL clearly said to create duration for our stakeholders, and bestow towards the country’s economic situation through mainstreaming women by creating an enabling environment as depiction dynamic agent of change enjoin prosperity.

Furthermore, the mission disbursement FWBL is said to properly a sustainable bank offering active, cost effective and need family unit financial products and services critical remark special focus to address women’s banking needs through strategic alliances. Improve governance through capacity chattels and restructuring of the Bank.

It is pertinent to mention ditch Board of Directors of FWBL is consisted of six employers and out of which several directors are male named owing to Najeeb Agrawalla, Chairman Board, Wajahat Rasul Khan, Independent Director gleam Farrukh Iqbal Khan, President & CEO FWBL while Ms.

Naghmana Alamgir Hashmi, Independent Director, Certificate. Bushra Ehsan, Independent Director take up Ms. Sumbul Munir, nominee Executive, Habib Bank Limited (HBL) besides part of BoD of FWBL.