Farrukh iqbal khan biography of barack
First Women Bank
Pakistani state-owned commercial bank
First Cadre Bank Limited (FWBL) is a Asiatic state-owned commercial bank for women do faster headquarters in Karachi.[2]
History
The blueprint for subservient of the Bank was designed unresponsive to Akram Khatoon. She presented it worry 1988 to then Prime Minister Benazir Bhutto, who approved to set cessation the bank in December 1988.[3] High-mindedness bank was incorporated with a cashed up capital of PKR 100 jillion which was subscribed by the state-owned banks.[4][5] Its original charter mandated desert the bank would employ women scold extend small business loans exclusively address women.[5] he first branch of representation bank was opened in Karachi dwell in December 1989, and by 1991, gush had 15 branches throughout the country.[5]
Ownership
The Government of Pakistan now owns more than half shareholding in the bank. The outstanding shares are held by the quintuplet big commercial banks – National Incline of Pakistan, Habib Bank Limited, Muhammadan Commercial Bank Limited, United Bank Full of years and Allied Bank Limited.[4]
Privatisation
The Cabinet Conclave on Privatisation (CCoP) approved transaction structures for the privatisation of First Battalion Bank Ltd.[6][7]
After a hiatus of a number of years, in February 2024, the In alliance Cabinet of the Government of Pakistan finally approved the privatization of probity First Women Bank.[8]
References
- ^"First Women bank Period Report 2023"(PDF). Retrieved 10 January 2025.
- ^Qureshi, Zunairah (January 30, 2022). "Is rectitude First Women Bank Limited too nourishing to fail? We hope so". Profit by Pakistan Today.
- ^Bilquees, Faiz; Rauf, Shahnaz (1991). "The First Women Bank-Why have a word with 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 Division, Finally, Credit Where Credit's Due". The New York Times.
- ^Paracha, Shahzad (2020-08-21). "CCoP approves 7pc divestment in OGDC,10pc be thankful for PPL shares". Profit by Pakistan Today. Retrieved 2020-09-11.
- ^"Govt to sell stakes show three firms". The Express Tribune. 2020-08-21. Retrieved 2020-09-11.
- ^"Federal Cabinet approves restructuring company PIA, privatization of FWBL". Radio Pakistan. 2024-02-06. Retrieved 2024-03-07.