Pakistan has given the green light to a bid from a company nominated by the United Arab Emirates, which is owned by the International Holding Company (IHC), for the privatisation of the First Women Bank Limited (FWBL). This significant move marks a crucial advancement in enhancing economic relations between the two countries. By approving a bid that exceeds the reference price, Pakistan has solidified its commitment to furthering economic cooperation with the UAE. The decision to privatise FWBL showcases Pakistan’s dedication to expanding its financial sector and fostering international partnerships.
Pakistan Approves UAE Bid for Privatisation of First Women Bank
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