First Women Bank
 | This article relies too much on references to primary sources. (September 2016) |
 | |
| Type | Public |
|---|---|
| Industry | Banking Capital Markets |
| Founded | Karachi, 1989 |
| Headquarters | Head office Karachi, Pakistan |
Key people | Mr Farrukh Iqbal Khan President & CEO FWBL |
| Products | Loans, credit cards, Savings, Consumer Banking, Bancassurance etc. |
| Website | www |
First Women Bank Limited (FWBL) is a commercial bank located in Karachi, Pakistan chartered to meet the special needs of women.[1]
History[]
The blueprint for infrastructure of the Bank was designed by Mohtarma Akram Khatoon, a senior banker who had served the Muslim Commercial Bank for 28 years. She presented it in 1989 to the Prime Minister Benazir Bhutto.[2] who approved to set up the bank in 1989. The Bank commenced its business on 2 December 1989 with a paid up capital of Rs. 100 Million.[3]
The Government of Pakistan 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, Habib Bank Limited, Muslim Commercial Bank Limited, United Bank Limited and Allied Bank Limited.[4]
Privatization[]
The Cabinet Committee on Privatisation (CCoP) approved transaction structures for the privatization of First Women Bank Ltd.[5][6]
References[]
- ^ "Unique Charter » First Women Bank". Fwbl.com.pk. 2002-11-12. Retrieved 2016-09-04.
- ^ "History » First Women Bank". Fwbl.com.pk. Retrieved 2016-09-04.
- ^ Ali, Meiryum (2020-03-23). "Can Naushaba Shahzad turn FWBL around before it is too late?". Profit by Pakistan Today (in American English). Retrieved 2020-09-11.
- ^ Ali, Meiryum (2020-03-23). "Can Naushaba Shahzad turn FWBL around before it is too late?". Profit by Pakistan Today (in American English). Retrieved 2020-09-11.
- ^ Paracha, Shahzad (2020-08-21). "CCoP approves 7pc divestment in OGDC,10pc in PPL shares". Profit by Pakistan Today (in American English). Retrieved 2020-09-11.
- ^ "Govt to sell stakes in three firms". The Express Tribune. 2020-08-21. Retrieved 2020-09-11.
External links[]
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- Banks of Pakistan
- Companies listed on the Pakistan Stock Exchange
- Government-owned banks of Pakistan
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