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flag Pakistan launches UAE-backed digital bank to boost cashless economy and financial inclusion.

flag Prime Minister Shehbaz Sharif inaugurated Mashreq Digital Retail Bank in Pakistan, a UAE-based digital bank launching its first international branch, aiming to modernize the country’s financial system and promote a cashless economy. flag The bank offers Shariah-compliant, mobile-first, paperless services for individuals and SMEs, with plans to onboard 10 million users and invest $100 million by 2025. flag It aims to boost financial inclusion, support SMEs, enhance remittances, and drive digital transformation through advanced technology and a 24/7 digital platform.

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