Finance Advisor Terms IHC’s Acquisition of First Women Bank as ‘Historic Milestone’

Islamabad: Advisor to Finance Minister Khurram Schehzad has termed the acquisition of First Women Bank by International Holding Company as a historic milestone. In a post on X, he said International Holding Company has acquired the Government's stake, valuing five billion rupees for one hundred percent, signalling renewed foreign investor confidence in Pakistan's market and governance framework. According to Radio Pakistan, Khurram Schehzad said this milestone sends a strong message to global markets that Pakistan is firmly on the path of reform, offering a stable, transparent, and opportunity-rich environment for long-term investors. He emphasized that following high-level engagements in Washington, renewed interest from Saudi, Emirati, Chinese, and US investors, global rating upgrades, and a successful IMF review, Pakistan is now positioning itself as a credible, reform-driven investment destination. Khurram Schehzad further highlighted that with privatisation momentum underway, the country is focused on translating these gains into tangible, private sector-led opportunities for sustainable growth. He noted that the landmark privatisation by one of the largest global investors has set the momentum in Pakistan's reform agenda.