06/08/2026
SHAH-E-CHIRAGH MULTI-PURPOSE COOPERATIVE SOCIETY LTD.
Gulmit, Gojal, Hunza
Minutes of the Five-Year Progress Review Meeting
Date: 2 August 2026
Venue: Silk Route, Gulmit
Participants
- Mr. Afzal Khan, Chairman, GOLD (Chief Guest)
- President, Shah-e-Chiragh Multi-Purpose Cooperative Society Ltd.
- Members of the Board of Directors
- Managers of VWO Gulmit, Chamangul, Dalgirham and Adber
- Lumberdar Wazir Karim
- Staff of Head Office and Sost Branch
- Media Representatives
- Community Members
Proceedings
The Five-Year Progress Review Meeting started with the recitation of the Holy Quran by Ms. Shazia Parveen, Credit Officer, Sost Branch.
The President of Shah-e-Chiragh Multi-Purpose Cooperative Society Ltd. then welcomed everyone and thanked the Chief Guest, Board members, village leaders, partner organizations, staff, media, and community members for taking the time to attend. In his remarks, he shared a quick overview of the Society’s journey over the last five years and appreciated the continued support from members and stakeholders in helping the institution grow steadily.
A detailed multimedia presentation on the Society’s five-year performance was given by Mr. Sadar Karim, Area Manager. He covered key areas like institutional growth, expansion of financial services, branch performance, loan and recovery status, deposit growth, digital payment work, the solar energy project, staff development, and future plans. Participants appreciated the progress made despite different operational challenges.
The Chief Guest, Mr. Afzal Khan, Chairman GOLD, congratulated the Board, management, and staff on their achievements over the past five years. In his address, he stressed the importance of encouraging new business start-ups to create jobs and support the local economy. He suggested introducing special financial support programs for young entrepreneurs and new businesses in Gulmit and nearby areas. He also recommended that all VWOs work more closely with Shah-e-Chiragh Multi-Purpose Cooperative Society to build a stronger, more unified financial system that can better support community development, improve resource sharing, and increase benefits for member villages.
During the discussion, Lumberdar Wazir Karim appreciated the Society’s strong performance and congratulated the Board, management, and staff for their hard work. He highlighted that trust, transparency, accountability, and proper financial management are key to running a successful cooperative and encouraged the Society to keep serving the community with the same honesty and professionalism.
As part of the program, staff promotion and contract extension letters were distributed by the Mir-e-Mehfil to recognize the dedication and good performance of employees.
Mr. Sadar Karim was promoted from Branch Manager to Area Manager based on his performance and the need to oversee both branch operations.
Participants expressed confidence in the Society’s leadership and appreciated the Board’s vision for strengthening community-based financial services and supporting sustainable economic development.
Vote of Thanks
The Vote of Thanks was given by Mr. Piyar Karim, Director, Board of Directors, who thanked the Chief Guest, guests, village organizations, community leaders, media, Board members, management, and staff for their presence and continued support.
After the formal session, refreshments were served to all participants.
The meeting ended with Dua-e-Khair, led by Mukhi Aziz Karim Sahib, praying for the continued success, prosperity, and growth of Shah-e-Chiragh Multi-Purpose Cooperative Society Ltd. and the well-being of the community.
Prepared for:
Board of Directors
Shah-e-Chiragh Multi-Purpose Cooperative Society Ltd.
Gulmit, Gojal, Hunza
