PTCL Group has approved an equity investment of Rs 15 billion (approximately $53 million) in U Microfinance Bank Limited (U Bank), its microfinance subsidiary.
The group said the investment was intended to support U Bank’s growth plans and accelerate the development of its digital banking platform to broaden its reach.
Hatem Bamatraf, Chairman of U Microfinance Bank and CEO of PTCL Group, said the investment reaffirms the group’s commitment to financial inclusion and digital transformation in the microfinance sector.
Read: PTCL-backed MergeCo eyes 5G rollout
U Microfinance Bank Chief Executive Officer Toran Asif said the capital injection comes as the bank prepares for the next phase of its digital transformation strategy in 2026, acknowledging the support of PTCL Group and the State Bank of Pakistan.
He said the strategy focused on new digital products and services designed to expand access to financial services across the country.
The bank received the first tranche of Rs4 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 large-scale 5G deployment, according to industry officials.
Speaking at the announcement, Bamatraf said the merger would enable the group to provide “transparent, secure and digital services” in line with Pakistan’s digital agenda.
Industry observers said the consolidation could strengthen the ability of PTCL-backed operators to invest in next-generation infrastructure at a time when high spectrum costs and asset fragmentation have limited the sector’s growth.
