Raqami Islamic Digital Bank, supported by the Kuwait Investment Authority, is scheduled to begin its operations in Pakistan next month, backed by an initial capital injection of one hundred million dollars.
According to an official report today, Khurram Shehzad, Advisor to the Finance Minister says the substantial investment is a clear indication of global confidence in the nation’s improving economic landscape and ongoing structural reforms.
Mr Shehzad stated that this financial infusion will perform a pivotal role in accelerating the country’s digital transformation and reinforcing the stability of its financial system.
He also noted that investment collaboration between Pakistan and Kuwait within the financial and digital economy sectors continues to expand.
The venture’s realisation is credited to the effective facilitation by the Special Investment Facilitation Council (SIFC), which is aiming to pave the way for a modern, sustainable, and inclusive financial framework in the country.