Advisor to the Federal Finance Minister Khurram Shehzad on Sunday said Pakistan has achieved its first strategic privatization in years by one of the largest global investor, marking a strong revival of economic reform and investor trust.<\/p>\n
\u201cUnited Arab Emirates (UAE) International Holding Company (IHC) has acquired the government\u2019s stake (First Women Bank), valuing Rs 5 billion for 100 percent, signaling renewed foreign investor confidence in Pakistan\u2019s market and governance framework\u201d, he said on his official X handle.<\/p>\n
IHC, a global investment giant with a market capitalization of over AED 880 billion (USD 240 billion), is the largest listed company in the Middle East and among the world\u2019s top global investors, managing 1,300+ subsidiaries across financial services, technology, infrastructure, mining, energy and healthcare.<\/p>\n
IHC plans to transform the newly acquired institution into a fully-fledged, AI-driven commercial bank, modernizing Pakistan\u2019s financial landscape through digitalization, automation, and global best practices in risk and governance.<\/p>\n
This acquisition is part of IHC\u2019s broader multi-billion-dollar investment plan in Pakistan. IHC\u2019s resources arm, International Resources Holding (IRH), already has major stakes in mining and energy, reflecting IHC\u2019s deepening presence in high-growth sectors.<\/p>\n
This milestone sends a strong message to global markets \u2014 Pakistan is firmly on the path of reform, offering a stable, transparent, and opportunity-rich environment for long-term investors.<\/p>\n
Following high-level engagements in Washington DC, renewed Saudi, Emirati, Chinese, and Unites States interest, global rating upgrades, and a successful International Monetary Fund (IMF) review, Pakistan is now positioning itself as a credible, reform-driven investment destination.<\/p>\n
With Privatization momentum underway, the country is focused on translating these gains into tangible, private sector\u2013led opportunities for sustainable growth.<\/p>\n","protected":false},"excerpt":{"rendered":"
Advisor to the Federal Finance Minister Khurram Shehzad on Sunday said Pakistan has achieved its first strategic privatization in years by one of the largest global investor, marking a strong revival of economic reform and investor trust. \u201cUnited Arab Emirates (UAE) International Holding Company (IHC) has acquired the government\u2019s stake (First Women Bank), valuing Rs …<\/p>\n","protected":false},"author":4,"featured_media":81776,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-88372","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/88372","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/comments?post=88372"}],"version-history":[{"count":1,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/88372\/revisions"}],"predecessor-version":[{"id":88383,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/posts\/88372\/revisions\/88383"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media\/81776"}],"wp:attachment":[{"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/media?parent=88372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/categories?post=88372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nabanews.pk\/en\/wp-json\/wp\/v2\/tags?post=88372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}