Islamabad, Pakistan — The launch of Mashreq Digital Bank in Pakistan has been met with enthusiastic support from government officials, industry leaders, and key stakeholders across the financial sector. The milestone event is being hailed as a catalyst for digital transformation, foreign investment, and the continued modernization of Pakistan’s financial ecosystem.
Extending his congratulations, Bilal Azhar Kayani, Minister of State for Finance and Railways, commended the entire banking industry on this significant development. He underscored that alongside commencing digital banking operations, Mashreq is also setting up its Global Middle Office in Pakistan, which will create employment opportunities for 450 skilled professionals. Notably, 45% of these roles will be filled by women, reflecting the bank’s strong commitment to diversity, inclusion, and empowering local talent to drive innovation.
Kayani emphasized that this initiative is not only a positive step for the banking sector but also for the broader economy. By leveraging Pakistan’s talent pool and digital potential, Mashreq is aligning with the country’s vision of building a robust, technology-driven financial landscape capable of serving both domestic and global markets.
Adding to the momentum, Asif Peer, CEO and Managing Director of Systems Limited, congratulated Mashreq Digital Bank on its launch, calling it a pivotal milestone for Pakistan’s financial sector. He highlighted the transformative role of digital banking in introducing new use cases, enabling open banking, and driving technological innovation. Peer also expressed appreciation to the Pakistan Banks’ Association (PBA) for convening key stakeholders, stating that such collaborations are vital for shaping the future of Pakistan’s banking landscape.
Yousaf Hussain, Senior Vice Chairman of PBA and President of the Overseas Investors Chamber of Commerce and Industry (OICCI), extended his congratulations to Mashreq Bank for securing its digital banking license and launching operations in Pakistan. He noted that OICCI, which represents 210 multinational companies, proudly welcomes Mashreq as part of its distinguished membership. He further emphasized that Pakistan’s population of 250 million, coupled with its young demographic and rapidly expanding digital ecosystem, presents immense opportunities for innovative banks like Mashreq to thrive.
Hussain added that Mashreq’s global reputation for pioneering excellence and innovation will bring new energy and competitive dynamism to Pakistan’s financial industry. He expressed optimism that the bank’s entry will help accelerate financial inclusion, enhance customer experience, and set new standards in digital banking.
Meanwhile, Aizid Gill, CEO of Allied Bank Limited, congratulated the Mashreq team on the successful launch of its operations in Pakistan. He expressed confidence that Mashreq’s presence will act as a powerful catalyst for the country’s digital transformation while also boosting investor confidence and attracting greater foreign investment into the financial sector.
The launch of Mashreq Digital Bank represents a turning point for Pakistan’s banking ecosystem. It reflects the country’s growing readiness to embrace next-generation financial technologies, foster global partnerships, and enhance its position as a strategic hub for digital banking innovation in the region. With strong backing from both public and private sector leaders, this development is expected to open new avenues for financial inclusion, economic growth, and technological advancement.
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