On February 10, 2026, Prime Minister Shehbaz Sharif congratulated Raqami Islamic Digital Bank (RIDB) on becoming Pakistan's third licensed digital retail bank, as reported by Business Recorder. This development marks a significant milestone in Pakistan's financial sector, particularly in promoting financial inclusion and Shariah-compliant banking. The bank, which plans to invest $100 million over the next five years, aims to attract at least one million customers within three years, focusing on small- and medium-sized enterprises, freelancers, and underserved segments. The Karachi-based lender is backed by the Kuwait Investment Authority, and its establishment is seen as a step towards deepening Pakistan-Kuwait economic cooperation. Prime Minister Shehbaz emphasized the importance of strong political relations being complemented by robust economic engagement, stating, 'It is now time to further strengthen our economic and investment ties so that this relationship grows from strength to strength.' (Business Recorder)
BANKING
PM Shehbaz Congratulates Raqami Bank for Digital Banking License

PM Sharif lauds Raqami Islamic Digital Bank's launch, boosting Pakistan's financial inclusion and ties with Kuwait. The bank aims for 1M customers, backed by Kuwait Investment Authority.
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