{"id":5907,"date":"2025-09-16T19:11:15","date_gmt":"2025-09-16T14:11:15","guid":{"rendered":"https:\/\/pkfin.kotenterprises.dev\/?p=5907"},"modified":"2025-09-16T19:11:15","modified_gmt":"2025-09-16T14:11:15","slug":"mashreq-digital-retail-bank-launched-in-pakistan-inaugurated-by-mr-shehbaz-pm-of-pakistan","status":"publish","type":"post","link":"https:\/\/pkfin.kotenterprises.dev\/?p=5907","title":{"rendered":"Mashreq Digital Retail Bank launched in Pakistan, Inaugurated by Mr. Shehbaz, PM of Pakistan"},"content":{"rendered":"

Prime Minister Shehbaz Sharif said Tuesday that the launch of Mashreq Digital Retail Bank<\/a> will serve as a milestone in modernizing Pakistan\u2019s economy and promoting a cashless business environment.<\/p>\n

Speaking at the inauguration ceremony in Islamabad, the prime minister termed digitalization the need of the hour, stressing that a paperless system with reduced human involvement is essential for transparency and sustainable economic growth. He highlighted that youth, who make up the majority of the country\u2019s population, are Pakistan\u2019s greatest asset and opportunity.<\/p>\n

The event was attended by Finance Minister Muhammad Aurangzeb, Planning Minister Ahsan Iqbal, Petroleum Minister Ali Pervez Malik, Railways Minister Hanif Abbasi, Maritime Affairs Minister Junaid Anwar, State Bank Governor Jameel Ahmad, and Finance Secretary Imdadullah Bosal.<\/p>\n

Shehbaz Sharif welcomed the establishment of Pakistan\u2019s second digital bank, noting the important role of the United Arab Emirates in strengthening bilateral ties and supporting Pakistan\u2019s economic and social development. He expressed confidence that Mashreq Bank\u2019s entry would help improve financial services and support business, agriculture, and industrial sectors.<\/p>\n

Finance Minister Muhammad Aurangzeb said the government, under Shehbaz Sharif\u2019s leadership, is working to ensure economic stability, strengthen remittances as the country\u2019s \u201clifeline,\u201d and implement administrative reforms across energy, banking, and state-owned enterprises. He added that international rating agencies have recognized Pakistan\u2019s improved performance, showing the economy is moving in the right direction.<\/p>\n

Mashreq Bank Chairman Abdulaziz Al Ghurair said Pakistan was chosen for the launch of the bank\u2019s first fully digital operation because of its strategic location and potential to become a digital economic hub. He praised the State Bank\u2019s digital regulatory framework and said Mashreq will not only establish a digital bank but also actively contribute to its growth journey.<\/p>\n

Mashreq Bank CEO Muhammad Humayoun Sajjad noted that digital payments in Pakistan grew 30% last year, calling youth the future of the financial sector. He said State Bank\u2019s efforts to expand digital banking and strengthen cybersecurity were commendable.<\/p>\n

At the ceremony, Prime Minister Shehbaz Sharif and Abdulaziz Al Ghurair formally inaugurated Mashreq Digital Retail Bank in Pakistan.<\/p>\n","protected":false},"excerpt":{"rendered":"

Prime Minister Shehbaz Sharif said Tuesday that the launch of Mashreq Digital Retail Bank will serve as a milestone in modernizing Pakistan’s economy and promoting a cashless business environment. Speaking at the inauguration ceremony in Islamabad, the prime minister termed digitalization the need of the hour, stressing that a paperless system with reduced human involvement […]<\/p>\n","protected":false},"author":1,"featured_media":5908,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"_FSMCFIC_featured_image_caption":"","_FSMCFIC_featured_image_nocaption":"","_FSMCFIC_featured_image_hide":"","footnotes":""},"categories":[2],"tags":[],"class_list":["post","format-standard"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t