ISLAMABAD: Pakistan’s financial sector is set for a boost with the launch of Raqami Islamic Digital Bank, backed by Kuwait, which will begin operations next month with an initial investment of $100 million.
The bank, established with support from the Kuwait Investment Authority (KIA), marks a milestone for Pakistan’s digital and Islamic banking sector. Adviser to the Prime Minister on Finance, Khurram Shehzad, said the investment reflects growing international confidence in Pakistan’s economic reforms and signals strengthened financial cooperation between Pakistan and Kuwait.
Raqami Bank will operate fully digitally, aiming to increase efficiency and expand financial inclusion. Officials highlighted that facilitation by the Special Investment Facilitation Council (SIFC) is helping create a modern, sustainable, and investor-friendly financial framework in the country .
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