Cabinet Committee Nods Bid for Privatisation of First Women Bank Limited to UAE-Backed Entity
— October 15, 2025
ISLAMABAD (AIA)The Cabinet Committee on Inter-Governmental Transactions, chaired by Deputy Prime Minister Ishaq Dar, has given its approval for the bid offer pertaining to the privatisation of First Women Bank Limited, held in Islamabad today. The approved bid surpassed the reference price, marking a significant step towards the successful privatisation and facilitating a Government-to-Government transaction with a UAE-nominated entity owned by International Holding Company. This development is poised to augment Foreign Direct Investment inflows into Pakistan and bolster investor confidence in the country. Deputy Prime Minister Ishaq Dar lauded the efforts of the Privatisation Commission and stakeholders involved in the transaction, expressing satisfaction over the progress and reaffirming the government’s dedication to economic reforms and transparency in the privatisation process.