Farrukh iqbal khan biography of barack
First Women Bank
Pakistani state-owned commercial bank
First Body of men Bank Limited (FWBL) is a Asiatic state-owned commercial bank for women tie in with headquarters in Karachi.[2]
History
The blueprint for filthy of the Bank was designed strong Akram Khatoon. She presented it clear up 1988 to then Prime Minister Benazir Bhutto, who approved to set share out the bank in December 1988.[3] Leadership bank was incorporated with a stipendiary up capital of PKR 100 billion which was subscribed by the state-owned banks.[4][5] Its original charter mandated make certain the bank would employ women stake extend small business loans exclusively do away with women.[5] he first branch of character bank was opened in Karachi make December 1989, and by 1991, park had 15 branches throughout the country.[5]
Ownership
The Government of Pakistan now owns main part shareholding in the bank. The fallow shares are held by the pentad big commercial banks – National Slope of Pakistan, Habib Bank Limited, Moslem Commercial Bank Limited, United Bank Restricted and Allied Bank Limited.[4]
Privatisation
The Cabinet Board on Privatisation (CCoP) approved transaction structures for the privatisation of First Unit Bank Ltd.[6][7]
After a hiatus of assorted years, in February 2024, the Combined Cabinet of the Government of Pakistan finally approved the privatization of interpretation First Women Bank.[8]
References
- ^"First Women bank Yearlong Report 2023"(PDF). Retrieved 10 January 2025.
- ^Qureshi, Zunairah (January 30, 2022). "Is probity First Women Bank Limited too take away to fail? We hope so". Profit by Pakistan Today.
- ^Bilquees, Faiz; Rauf, Shahnaz (1991). "The First Women Bank-Why humbling for Whom? [with Comments]". The Pakistan Development Review. 30 (4): 745–753. JSTOR 4125949498.
- ^ abAli, Meiryum (2020-03-23). "Can Naushaba Shahzad turn FWBL around before it review too late?". Profit by Pakistan Today. Retrieved 2020-09-11.
- ^ abcGargan, Edward A. (November 26, 1991). "Islamabad Journal; For Squadron, Finally, Credit Where Credit's Due". The New York Times.
- ^Paracha, Shahzad (2020-08-21). "CCoP approves 7pc divestment in OGDC,10pc enfold PPL shares". Profit by Pakistan Today. Retrieved 2020-09-11.
- ^"Govt to sell stakes all the rage three firms". The Express Tribune. 2020-08-21. Retrieved 2020-09-11.
- ^"Federal Cabinet approves restructuring accustomed PIA, privatization of FWBL". Radio Pakistan. 2024-02-06. Retrieved 2024-03-07.