ISLAMABAD: Pakistan Telecommunication Company Ltd. (PTCL) Group, the parent company of U Microfinance Bank (U Bank), has injected a significant capital investment of Rs 4 billion (equivalent to $15 million) into U Bank, to drive the growth of its Islamic Banking services and digital innovation initiatives.

This strategic equity boost underscores the unwavering confidence that PTCL Group has in U Bank’s promising growth strategy, upward trajectory, and viable vision for its future.

This injection comes at a pivotal moment for U Bank as it prepares for its Year of Transformation in 2025 - a year dedicated to evolving, scaling up the business, and furthering its commitment to financial inclusion.

U Bank’s transformational strategy encompasses initiating its operational conversion to Islamic Banking, catering to the growing demand for Riba-free and Shari’ah-compliant financial solutions in the microfinance industry in Pakistan.

Copyright Business Recorder, 2025