PTCL Group injects Rs15bn into U Microfinance Bank

News Image

MG News | January 02, 2026 at 11:43 AM GMT+05:00

January 02, 2026 (MLN): PTCL Group has approved a capital injection of Rs15 billion ($53 million) into U Microfinance Bank Limited to support the bank’s growth and development of its digital banking platform.

Pakistan Telecommunication Company Limited (PTCL), the parent company of U Microfinance Bank, said the investment is one of the largest equity injections in the microfinance banking sector.

The bank received the first tranche of Rs4bn on December 31, 2025, according to the press release.

Mr. Hatem Bamatraf, Chairman of U Microfinance Bank and Group Chief Executive Officer of PTCL Group, said the capital injection aligns with the Group’s broader focus on financial inclusion and innovation.

He said the investment shows confidence in U Microfinance Bank’s digital transformation strategy and its capacity to support the development of Pakistan’s microfinance banking sector.

U Microfinance Bank President and Chief Executive Officer Tooran Asif said the support from PTCL Group and the State Bank of Pakistan comes as the bank prepares to move into the next phase of its digital transformation in 2026.

He said the strategy centers on strengthening digital capabilities and rolling out additional financial products and services to broaden access for customers across the country.

Copyright Mettis Link News

 

Related News

Name Price/Vol %Chg/NChg
KSE100 179,927.05
365.01M
-1.27%
-2314.73
ALLSHR 109,270.69
838.76M
-1.19%
-1312.98
KSE30 53,705.71
89.34M
-1.33%
-726.00
KMI30 253,531.92
109.38M
-1.32%
-3382.29
KMIALLSHR 70,152.63
543.97M
-1.25%
-888.68
BKTi 50,997.50
18.73M
-1.38%
-715.26
OGTi 36,216.08
8.18M
-1.21%
-443.50
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 63,180.00 64,680.00
62,605.00
-905.00
-1.41%
BRENT CRUDE 78.34 79.80
77.28
2.33
3.07%
RICHARDS BAY COAL MONTHLY 105.75 0.00
0.00
-1.15
-1.08%
ROTTERDAM COAL MONTHLY 118.00 0.00
0.00
0.65
0.55%
USD RBD PALM OLEIN 1,135.00 1,135.00
1,135.00
0.00
0.00%
CRUDE OIL - WTI 73.70 75.08
72.61
2.29
3.21%
SUGAR #11 WORLD 14.70 14.98
14.65
-0.18
-1.21%

Chart of the Day


Latest News
July 13, 2026 at 04:00 PM GMT+05:00

PSX Closing Bell: Falls Off A Cliff


July 13, 2026 at 03:32 PM GMT+05:00

PCJCCI hails Sahiwal Coal Plant success


July 13, 2026 at 03:09 PM GMT+05:00

Gold price in Pakistan falls Rs3,800 per tola


July 13, 2026 at 02:55 PM GMT+05:00

Standard Chartered appoints Adil Salahuddin as CEO



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg