This government has previously sold airports, motorways, ports and other institutions
This bank was established in 1989 under the vision of the then Prime Minister Benazir Bhutto
Commerce Reporter, Daily Dawn, Dawn TV Report
Islamabad: The federal cabinet of Pakistan has approved the sale of ‘First Women Bank Limited’, which is the first and only bank in the country established to provide financial services specifically for women.
Under this decision, the government of Pakistan is selling its 82.64 percent shares to a designated company of the United Arab Emirates for $14.6 million.
This company is a famous international holding company of Abu Dhabi, which is operating under the leadership of Sheikh Tahnoun bin Zayed Al Nahyan.
The history of First Women Bank is linked to an important chapter in the economic empowerment of women in Pakistan. The bank was established in 1989 under the vision of the then Prime Minister Benazir Bhutto.
It aimed to integrate the women’s business community into the financial system, providing them with easy access to loans, savings plans, financial advice and business training opportunities.
Initially, the institution emerged as a symbolic and progressive concept that encouraged thousands of women to enter business and professional life.
However, over time, management problems, political instability, insufficient investment and policy discontinuity slowed the pace of development of this institution.
Leave a Reply