PTCL Group has approved an equity investment of Rs 15,000 crore (around $53 million) in U Microfinance Bank Limited (U Bank), its microfinance subsidiary.
The group said the investment aims to support U Bank’s growth plans and accelerate the development of its digital banking platform to expand its reach.
U Microfinance Bank Chairman and PTCL Group CEO Hatem Bamatraf said the investment reaffirms the group’s commitment to financial inclusion and digital transformation in the microfinance sector.
Read: PTCL-backed MergeCo eyes 5G launch
U Microfinance Bank Chairman and CEO Toran Asif said the capital infusion comes as the bank prepares for the next phase of its digital transformation strategy in 2026, acknowledging the support of PTCL Group and State Bank of Pakistan.
He said the strategy focuses on new digital products and services designed to expand access to financial services across the country.
The bank received the first tranche of Rs 4 billion, which was disbursed on December 31, 2025.
Separately, the planned integration of Ufone and Telenor Pakistan into a merged operator known as MergeCo is expected to alter the competitive landscape ahead of Pakistan’s first large-scale rollout of 5G, according to industry officials.
At the time of the announcement, Bamatraf said the merger would allow the group to offer “seamless, secure and digitally enabled services” in line with Pakistan’s digital agenda.
Industry observers said the consolidation could improve the ability of PTCL-backed operators to invest in next-generation infrastructure at a time when high spectrum costs and fragmented holdings have limited the sector’s growth.
