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First Women Bank

Company type	Unlisted public company
Industry	Banking Capital Markets
Founded	December 2, 1989; 35 years ago (1989-12-02)
Headquarters	Karachi-75530, Pakistan
Key people	Farrukh Iqbal Khan (CEO)
Products	Loans, credit cards, debit cards, savings, consumer banking, and bancassurance
Website	fwbl.com.pk

This article is part of a series aboutBenazir Bhutto
Early life Political career Burial Political views Social democracy Charter of Democracy Elections 1988 1990 1993 1997 Prime Minister of Pakistan (First Government Second Government) First Women Bank Midnight Jackal Mehrangate Karachi affair Repression in Karachi Coup d'état attempt Seventh Five-Year Plan Murder of Murtaza Bhutto Corruption scandals Books written Daughter of Destiny: An Autobiography Reconciliation: Islam, Democracy, and the West Assassination Assassination attempt Assassination (reactions) Gallery: Picture, Sound, Video
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First Women Bank Limited (FWBL) is a Pakistani state-owned commercial bank for women with headquarters in Karachi.

History

The blueprint for infrastructure of the Bank was designed by Akram Khatoon. She presented it in 1988 to the Prime Minister Benazir Bhutto, who approved to set up the bank in December 1988. It began its business on 2 December 1989 with a paid up capital of PKR 100 Million.

The 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.

Privatisation

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

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.

References

1. Qureshi, Zunairah (January 30, 2022). "Is the First Women Bank Limited too pink to fail? We hope so". Profit by Pakistan Today.
2. Bilquees, Faiz; Rauf, Shahnaz (1991). "The First Women Bank-Why and for Whom? [with Comments]". The Pakistan Development Review. 30 (4): 745–753. JSTOR 4125949498.
3. ^ Ali, Meiryum (2020-03-23). "Can Naushaba Shahzad turn FWBL around before it is too late?". Profit by Pakistan Today. Retrieved 2020-09-11.
4. Paracha, Shahzad (2020-08-21). "CCoP approves 7pc divestment in OGDC,10pc in PPL shares". Profit by Pakistan Today. Retrieved 2020-09-11.
5. "Govt to sell stakes in three firms". The Express Tribune. 2020-08-21. Retrieved 2020-09-11.
6. "Federal Cabinet approves restructuring of PIA, privatization of FWBL". Radio Pakistan. 2024-02-06. Retrieved 2024-03-07.

External links

• Official website

v t e Banking in Pakistan
Central bank	State Bank of Pakistan
Big Four	Habib Bank MCB Bank National Bank United Bank
Commercial banking	Public sector Bank of AJK Bank of Khyber Bank of Punjab First Women Bank Industrial Development Bank Karakoram Cooperative Bank Punjab Provincial Cooperative Bank Limited Sindh Bank Zarai Taraqiati Bank Limited Private sector Allied Bank Askari Bank Bank AL Habib Bank Alfalah HabibMetro JS Bank Soneri Bank Standard Chartered Pakistan
Microfinance	Advans Pakistan Finca Pakistan HBL Microfinance Bank Khushhali Bank NRSP Microfinance Bank Telenor Microfinance Bank
Islamic banking	BankIslami Bank Makramah Al Baraka Bank Pakistan Dubai Islamic Bank Pakistan Faysal Bank MCB Islamic Bank Meezan Bank Samba Bank
House building	House Building Finance Company
Savings Bank	National Savings Organization
Foreign banks	Citibank Pakistan Deutsche Bank Pakistan ICBC Pakistan BOC Pakistan Bank of Tokyo Mitsubishi Pakistan
Defunct banks	BCCI Bank of Bahawalpur Burj Bank Federal Bank for Cooperatives KASB Bank NIB Bank PICIC Commercial Bank RBS Pakistan Silkbank Union Bank
See also	List of banks in Pakistan Pakistani bankers Institute of Bankers Pakistan KIBOR National Institute of Banking and Finance
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