Pakistan transfers first Women Bank to UAE’s IHC under G2G deal

'First drop of rain'—Pakistan finalises first women bank sale to UAE’s IHC

PM Shehbaz hails first G2G privatisation deal as milestone in bilateral ties

Pakistan sells First Women Bank to UAE firm

ISLAMABAD: Prime Minister Shehbaz Sharif on Friday hailed the acquisition of First Women Bank Ltd (FWBL) by Abu Dhabi-based International Holding Company (IHC) as a milestone in Pakistan-UAE economic ties, saying the deal would pave the way for more joint ventures and partnerships across diverse sectors. Speaking at a signing ceremony, the prime minister described the transaction as “the first drop of rain” in a broader effort to deepen economic…

IHC acquires majority stake in Pakistan's First Women Bank

Planned transformation to include 'investment in people' and rebranding

Pakistan, UAE Sign Landmark First Women Bank Deal

UAE Firm Acquires Majority Stake in First Women Bank In a major step under Pakistan’s government-to-government (G2G) framework, the United Arab Emirates-based International Holding Company (IHC) has acquired 82.64% shares of First Women Bank Limited (FWBL) for Rs4.1 billion. The deal marks Pakistan’s first-ever bank privatisation through a bilateral mechanism. The signing ceremony in Islamabad was attended by Prime Minister Shehbaz Sharif, Chief…

Pakistan Finalises Sale Of First Women Bank To UAE Firm

Prime Minister Shehbaz Sharif, Field Marshal Syed Asim Munir and federal ministers witness the signing ceremony of majority stake selling of First Women Bank to a UAE company on October 17, 2025. — PID PM says privatisation of FWBL milestone in boosting UAE trade ties.  Premier says agreement marks the start of promising partnership.  PM renews resolve to open new doors for private sector-led growth. Prime Minister Shehbaz Sharif on Friday hail…

UAE’s IHC acquires 82.64pc stake in FWBL

ISLAMABAD: In a rare government-to-government transaction, the United Arab Emirates-based International Holding Company (IHC) on Friday acquired an 82.64 per cent stake in First Women Bank Limited (FWBL) for Rs4.1 billion, a move described by officials as a step towards expanding economic cooperation between Pakistan and the UAE. The deal was finalised under Pakistan’s Inter-Governmental Commercial Transactions Act of 2022, making it the country…