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First Women Bank
First Women Bank Limited (FWBL) is a Pakistani state-owned commercial bank for women with headquarters in Karachi.[2] HistoryThe blueprint for infrastructure of the Bank was designed by Akram Khatoon. She presented it in 1988 to then Prime Minister Benazir Bhutto, who approved to set up the bank in December 1988.[3] The bank was incorporated with a paid up capital of PKR 100 million which was subscribed by the state-owned banks.[4][5] Its original charter mandated that the bank would employ women and extend small business loans exclusively to women.[5] he first branch of the bank was opened in Karachi in December 1989, and by 1991, it had 15 branches throughout the country.[5] OwnershipThe Government of Pakistan now owns majority shareholding in the bank. The remaining shares are held by the five big commercial banks – National Bank of Pakistan, Habib Bank Limited, Muslim Commercial Bank Limited, United Bank Limited and Allied Bank Limited.[4] PrivatisationThe Cabinet Committee on Privatisation (CCoP) approved transaction structures for the privatisation of First Women Bank Ltd.[6][7] After a hiatus of several years, in February 2024, the Federal Cabinet of the Government of Pakistan finally approved the privatization of the First Women Bank.[8] References
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