A meeting between KKI and Kuwait Asian Exchange Company was held in KKI’s corporate office on 21st September 2005. The delegation of Kuwait Asian was led by Mr. Khalid Mahmood, (Executive Director) and Mr. Shabbir Husain (Executive Manager Marketing & Business Development), whereas Mr. Abdul Munaf Kalia (CEO) and Ms. Nadia Ansari (Manager Home Remittance Department) represented KKI.

The meeting was conducted in a very constructive and cooperative atmosphere, and generated informative discussions and ideas for future activities.


The meeting was opened by Mr. Kalia, who welcomed Mr. Mahmood and Mr. Husain and thanked them for their assistance in organizing the meeting.

In opening remarks, Mr.Abdul Munaf Kalia among other things noted that Kuwait Asian Exchange is an active Exchange Company under the auspices of the Kuwait-Pakistan remittance business/activity. He also welcomed the progress made by the Kuwait Asian Exchange in implementing its activities and increasing number of remittance messages. Mr. Kalia further stated that it is necessary for both sides to set up a road map of their activities for the coming years.

While discussing the forthcoming activities, Kuwait Asian Exchange Company was eager to know about the future plans of KKI about the areas where it has no branches. Mr. Kalia highlighted the next three years plan and felt proud in declaring that in forthcoming years the network of KKI will be extended significantly and the number of franchises will also be doubled.

Mr. Kalia also focused that KKI is always in frontline to save Pakistan from the curse of illegal modes of transaction of money. Moreover, he discouraged Hawala and Hundi system, which is the major threat to the economy and foreign exchange reserves of Pakistan. Mr. Kalia also emphasized on the need of encouraging people of both countries to send money through proper channel, as this is the safer and securer means of transaction. This not only saves customers from every kind of hassle but also contributes towards increasing nation’s over all foreign exchange reserves and thus economic prosperity of the country.

Mr. Husain from Kuwait Asian Exchange in his remarks highly appreciated the strong organizational setup of KKI and stated that the results of this meeting will be mutually beneficial for both the organizations.

At the end of meeting the Kuwait Asian officials expressed their appreciation to KKI officials for hosting the meeting and for the excellent arrangements that ware made. While, KKI officials also expressed their appreciation to the Kuwait Asian officials for their visit, their informative presentations and their highly valuable participation in the meeting.