PTCL Group has approved an equity investment of Rs 15 billion (about $53 million) in U Microfinance Bank Limited (U Bank), its microfinance subsidiary.
The group said the investment is intended 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 reaffirmed the group’s commitment to financial inclusion and digital transformation in the microfinance sector.
Read: PTCL backed MergeCo eye 5G rollout
U Microfinance Bank President 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 support from 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 has received the first installment 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 change the competitive landscape ahead of Pakistan’s first full-scale 5G rollout, according to industry officials.
At the announcement, Bamatraf said the merger would enable the group to provide “seamless, secure and digitally enabled services” in line with Pakistan’s digital agenda.
Industry observers said the consolidation could increase PTCL-backed operators’ capacity to invest in next-generation infrastructure at a time when high spectrum costs and fragmented holdings have limited sector growth.
