First Women Bank Limited (FWBL) is a Pakistani commercial bank for women with headquarters in Karachi.[2]
History
The blueprint for infrastructure of the Bank was designed by Akram Khatoon. She presented it in 1988 to then Prime Minister Benazir Bhutto, who approved to set up the bank in December 1988.[3] The bank was incorporated with a paid up capital of PKR 100 million which was subscribed by the state-owned banks.[4] Its original charter mandated that the bank would employ women and extend small business loans exclusively to women.[5] he first branch of the bank was opened in Karachi in December 1989, and by 1991, it had 15 branches throughout the country.[5]