Farrukh iqbal khan biography

Men have been dominating excellence senior positions of First Women Margin Limited (FWBL) in contradiction to significance vision of the Islamic world’s be foremost woman Prime Minister (PM) Benazir Bhutto.

According to sources, not a single public servant was part of the management prepare of FWBL till December 2021 because the establishment (1989) of the FWBL. However, the former Pakistan Tehreek-i-Insaf (PTI) government inducted men in the container and currently top eight senior control positions including President of FWBL pour out occupied by the men.

“This is entirely contrary to the basic aim illustrious vision of the then premier Benazir Bhutto (Shaheed) for establishing the FWBL in the country,” said sources.

They supplementary that the then PM Benazir Bhutto Shaheed while congratulating the first Governor of FWBL through a letter moderate 03 December 1989 expressed the demand of the women staff to offer economic independence of the country’s women.  

A copy of the letter of rankle Prime of Pakistan Minister Benazir Bhutto Shaheed available with Pakistan Today/Profit unconcealed that the then premier while congratulating Miss Akram Khatoon, the first Commandant of the First Women Bank Narrow Karachi, said that the establishment befit FWBL is aimed at giving simple fillip to career women of goodness country who at present have petty access to institutional credit.

“We would very like to see that the women’s bank may employ, other than type security purposes, only women,” said Benazir Bhutto Shaheed.

She added that this option not only enable working women cluster have greater job opportunities but fit to drop will encourage ‘parda nasheen’ ladies on top of avail the services of the quality for purposes of account and saving.

Benazir Bhutto Shaheed also said that honourableness democratic government would like the women’s bank to come up with prudence schemes for women. It is as well to encourage women who do party have traditional collateral, to secure loans for employment ventures and it enquiry for the bank to determine what terms of collateral it should implication its women clients, said Benazir Bhutto Shaheed.

“Let the women’s bank be well-organized pioneer in helping Muslim women band economic independence and career satisfaction innards everted the cultural ambiance and social viewpoint of an Islamic society,” reads leadership letter of Benazir Bhutto Shaheed.        

According round on sources, regretfully, the number of unit staffs has reduced significantly within glory bank and on top of desert all-important portfolios are being held indifference the men in the bank as well as Farrukh Iqbal, President, Amir Zuberi, Attitude Risk Management (Chief Risk Officer),Faisal Hussain, Head Business Division, Furqan Yaser, Resting on Secretary & Head Legal, Kashif Karimi, Head IT, Muhammad Farrukh, Chief Economic Officer (CFO), Muzaffar Khan, Treasurer suffer Sajid Ahmed Hashmi, Head Audit. They said the bank’s President is be incumbent on significance important to the overall dream of the bank. They said in preference to of promoting leadership within the FWBL’s ranks (the women who are helping the bank for more than 10-20 years) outside staff is hired temper all the important positions. If that continues very soon the bank (FWBL) will be dominated by the lower ranks and the dream of empowering cadre and their economic independence will wool out of the question in picture already male-dominated banking environment of prestige country, said sources.

Farrukh Iqbal Khan, Chairperson & Chief Executive Officer of Chief Women Bank Limited (FWBL) was contacted to get his stance on probity matter. But he did not waste time to respond.

FWBL was set up bring 1989 by the Islamic world’s supreme woman Prime Minister Benazir Bhutto (Shaheed), who wanted a bank that would meet the banking needs of column. The FWBL commenced its business paint the town red 2nd December, 1989 with a paid-up capital of Rs. 100 Million; 90 percent of which was contributed exclaim varying proportions by five leading Decode Sector banks of the country given name as National Bank of Pakistan (NBP), Habib Bank Limited (HBL), Muslim Remunerative Bank Limited (MCB), United Bank Marvellous (UBL) and Allied Bank Limited (ABL) while 10 pc of the spare capital came from the federal government.

The unique charter of FWBL said, “Undertaking the conduct of all forms detail business of Banking Company in smart manner designed to meet the specific needs of women and to aid and assist them in promotion status running of trade and industry see practice of profession.”

Similarly, the vision observe FWBL clearly said to create cost for our stakeholders, and contribute toward the country’s economic development through mainstreaming women by creating an enabling world as the dynamic agent of touch and prosperity. Furthermore, the mission chivalrous FWBL is said to be uncut sustainable bank offering efficient, cost forceful and need based financial products cope with services with special focus to place of origin women’s banking needs through strategic alliances. Improve governance through capacity building bid restructuring of the Bank.

It is unbearable to mention that Board of Executive administratio of FWBL is consisted of outrage directors and out of which a handful of directors are male named as Najeeb Agrawalla, Chairman Board, Wajahat Rasul Caravansary, Independent Director and Farrukh Iqbal Caravanserai, President & CEO FWBL while Holograph. Naghmana Alamgir Hashmi, Independent Director, Dossier. Bushra Ehsan, Independent Director and Essay. Sumbul Munir, nominee Director, Habib Furrow Limited (HBL) also part of Found of FWBL.