Pakistan Telecommunication Company Limited has approved a PKR 15 billion ($53 million) capital injection into U Microfinance Bank Limited, one of the largest equity infusions in Pakistan’s microfinance sector, the company said.
Pakistan Telecommunication Company Limited, the parent company of U Microfinance Bank Limited, said the investment is intended to support the bank’s growth and accelerate the development of its digital banking platform, allowing it to expand customer outreach and improve service delivery.
U Bank has already received the first tranche of PKR 4 billion, which was transferred on Dec 31, the statement said.
Hatem Bamatraf, chairman of U Microfinance Bank and group chief executive officer of PTCL Group, said the capital injection underscores the group’s commitment to promoting financial inclusion, innovation and socioeconomic development in Pakistan.
He said the move reflects PTCL Group’s confidence in U Bank’s digital transformation strategy and its ability to strengthen the country’s microfinance banking ecosystem.
Tooran Asif, president and chief executive officer of U Microfinance Bank, thanked PTCL Group and the State Bank of Pakistan for their continued support and guidance.
Asif said the investment comes at a critical stage as the bank prepares to enter the next phase of its digital transformation in 2026. He said the strategy will focus on innovation and the rollout of new products and services aimed at expanding access to financial services for millions of customers across Pakistan.
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