First Women Bank Limited (FWBL) is a commercial bank located in

Karachi Karachi (; ur, ; ; ) is the most populous city in Pakistan and 12th most populous city in the world, with a population of over 20 million. It is situated at the southern tip of the country along the Arabian Sea coast. It is the former c ...

, Pakistan chartered to meet the special needs of women.

History

The blueprint for infrastructure of the Bank was designed by Akram Khatoon, a senior

banker A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Becaus ...

who worked for the

Muslim Commercial Bank MCB Bank Limited () is a Pakistani multinational commercial bank which is based in Lahore, Punjab, Pakistan. The majority of shares are owned by Pakistani conglomerate Nishat Group and Malaysian bank Maybank. The bank has a network of 1,600 br ...

for 27 years. She presented it in 1988 to the Prime Minister Benazir Bhutto. who approved to set up the bank in December 1988. The Bank commenced its business on 2 December 1988 with a paid up capital of PKR 100 Million. The

Government of Pakistan The Government of Pakistan ( ur, , translit=hakúmat-e pákistán) abbreviated as GoP, is a federal government established by the Constitution of Pakistan as a constituted governing authority of the four provinces, two autonomous territorie ...

now owns majority shareholding (more than 80%) in the bank. The remaining shares are held by the five big commercial banks –

National Bank of Pakistan National Bank of Pakistan (NBP) () is a Pakistani government-owned multinational commercial bank which is a subsidiary of State Bank of Pakistan. It is headquartered in Karachi, Pakistan. As of September 2020, it has 1,511 branches across Pakist ...

Habib Bank Limited Habib Bank Limited ( ur, ) abbreviated as HBL, is a Pakistani multinational bank based in Habib Bank Plaza, Karachi, Pakistan. Founded in 1939 by the Habib Family, HBL became Pakistan's first commercial bank. In 1951 it opened its first inte ...

, Muslim Commercial Bank Limited,

United Bank Limited United Bank Limited (UBL) () is a Pakistani multinational commercial bank which is a subsidiary of British company Bestway Group. It is based in Karachi, Pakistan. It is one of the largest banks in the Pakistani private sector, with over 1,400 br ...

and

Allied Bank Limited Allied Bank Limited () is the fifth largest commercial bank in Pakistan and is a subsidiary of Ibrahim Group. Allied Bank with its registered office in Lahore is one of the largest banks within the country with over 1400+ branches and ATMs. It ...

Privatization

The Cabinet Committee on Privatisation (CCoP) approved transaction structures for the privatization of First Women Bank Ltd.

References

External links

* Banks of Pakistan Government-owned banks of Pakistan Women in Pakistan {{asia-bank-stub