First Women Bank
First Women Bank Limited (FWBL) is a commercial bank located in Karachi, Pakistan chartered to meet the special needs of women. History. The blueprint for infrastructure of the Bank was designed by Mohtarma Akram Khatoon, a senior banker who had served the Muslim Commercial Bank for 28 years. She presented it in 1989 to the Prime Minister Benazir Bhutto. who approved to set up the bank in 1989. The Bank commenced its business on 2 December 1989 with a paid up capital of Rs. 100 Million. The Government of Pakistan now owns majority shareholding (more than 80 %) in the bank. The remaining shares are held by the five big commercial banks – National Bank of Pakistan, Habib Bank Limited, Muslim Commercial Bank Limited, United Bank Limited and Allied Bank Limited. Privatization. The Cabinet Committee on Privatisation (CCoP) approved transaction structures for the privatization of First Women Bank Ltd.