Islamabad, October 17, 2025
Pakistan and the United Arab Emirates have finalized an agreement for the privatization of First Women Bank under the Government-to-Government (G2G) framework.
A signing ceremony for the privatization deal was held in Islamabad, attended by Prime Minister Shehbaz Sharif and Field Marshal Syed Asim Munir. The agreement aims to enhance the performance of Pakistan’s financial sector and create new investment opportunities.
Addressing the ceremony, Prime Minister Shehbaz Sharif stated that the privatization of First Women Bank will strengthen the national economy and promote transparency and competition in the banking sector.
He further emphasized that Pakistan’s economic ties with the UAE have grown stronger than ever. “Joint ventures like this are in the mutual interest of both nations, and such initiatives will further enhance bilateral cooperation,” he added.
