MDB Free Remittance Services & New Job Opportunities
Mashreq Digital Bank, one of the leading digital banks in the Middle East, has officially launched its operations in Pakistan. This marks a major step forward for the country’s digital banking ecosystem, bringing innovative financial solutions, MDB Free Remittance Services & New Job Opportunities to the local market.
Free Remittance Services for Overseas Pakistanis
A key feature of Mashreq Digital Bank Pakistan is the free remittance service for overseas Pakistanis. Pakistani citizens who already hold Mashreq Digital Bank accounts in the UAE can now open a Mashreq account in Pakistan as well. This service allows them to send money back home without any transfer fees, making it easier and more affordable to support their families.
This move not only benefits individuals but also supports the national economy by encouraging the inflow of remittances through formal banking channels.
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Official Launch Ceremony in Islamabad
The launch event for Mashreq Digital Bank Pakistan was held in Islamabad and was attended by several prominent figures from the financial sector. These included:
- Bilal Azhar Kayani – Minister of State for Finance
- Jamil Ahmed – Governor, State Bank of Pakistan
- Abdul Aziz Al Ghurair – Chairman, Mashreq Group
- Ahmed Abdul Al – Group CEO, Mashreq Bank
- Senior officials from the Pakistan Banking Association (PBA)
The presence of top-level leadership at the launch shows the strong support and expectations around this initiative.
Mashreq’s Role in Economic Growth
During the event, Zafar Masood, Chairman of the Pakistan Banking Association, shared his views on how Mashreq Digital Bank will contribute to economic stability in Pakistan. He emphasized that digital banking is the future, and the entry of global players like Mashreq will help modernize the country’s financial landscape.
Yousaf Hussain, Senior Vice Chairman of PBA, also highlighted that the Al Ghurair Group’s ongoing and future projects in Pakistan will generate new employment opportunities, further strengthening the economy.
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450 Jobs, 45% for Women: Driving Inclusion
One of the most promising announcements made at the event was about job creation. According to Bilal Azhar Kayani, Mashreq Bank will create 450 jobs in Pakistan, with 45% of these positions reserved for women.
This step reflects Mashreq’s commitment to gender diversity and inclusion, offering women a fair chance to contribute to the banking and tech sectors.
Mashreq Among First 5 Licensed Digital Banks in Pakistan
The Governor of the State Bank of Pakistan, Jamil Ahmed. Revealed that a total of 40 applications were submitted for digital banking licenses in the country. Out of these, only five banks were approved after a thorough evaluation process. Mashreq Digital Bank is among these five, and it has now officially started operations.
This development is a significant milestone in Pakistan’s journey toward a cashless and digital economy.
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Conclusion: A New Era of Digital Banking in Pakistan
The launch of Mashreq Digital Bank Pakistan brings with it a wave of opportunities. From fee-free remittance services for overseas Pakistanis to employment generation and financial innovation. With strong backing from local financial authorities. With a clear vision for the future. Mashreq is well-positioned to play a major role in shaping the future of banking in Pakistan.
As digital banking continues to grow, initiatives like this will pave the way for inclusive banking. Secure, customer-friendly financial services that benefit individuals and the nation as a whole.