Raqami Islamic Digital Bank set to commence operations in Feb

Raqami Islamic Digital Bank is set to commence its operations in Pakistan next month with an initial investment of one hundred million dollars.

The digital bank has been established with the support of the Kuwait Investment Authority.

Advisor to the Finance Minister, Khurram Shehzad has said the investment is a clear indication of global trust in Pakistan's improving economic conditions and ongoing structural reforms.

He said that investment cooperation between Pakistan and Kuwait in the financial and digital economy sectors is continuing to grow.

Khurram Shehzad said this investment will play a crucial role in accelerating Pakistan's digital transformation and strengthening the stability of the country's financial system.

The effective facilitation by the Special Investment Facilitation Council (SIFC) is paving the way for a modern, sustainable, and inclusive financial system in Pakistan.