Pakistan and Kuwait Strengthen Ties: On February 10, 2026, Prime Minister Shehbaz Sharif announced the granting of a commercial license to Raqami Islamic Digital Bank, marking a significant milestone in the financial sector and enhancing economic cooperation between Pakistan and Kuwait. The ceremony was attended by dignitaries from both countries.
Prime Minister Sharif emphasized the importance of underpinning strong political relations with meaningful economic engagement, highlighting that sustainable partnerships require robust trade, investment, and financial collaboration. He described Pakistan and Kuwait as brotherly nations with decades of strong cultural and political ties.
The prime minister congratulated Raqami Islamic Digital Bank on becoming Pakistan’s third licensed digital retail bank, expressing confidence in its role in promoting financial inclusion, innovation, and Shariah-compliant banking. The digital bank is expected to modernize Pakistan’s financial ecosystem while adhering to Islamic principles.
The Kuwaiti ambassador praised the licensing as a testament to the deep-rooted relations between the two countries, expressing Kuwait’s commitment to expanding cooperation in trade, investment, and financial services. Abdullah Al-Mutari, chairman of Raqami’s board, and CEO Umair Ijaz reiterated their dedication to providing Shariah-compliant digital banking services.
Published in SouthAsianDesk, February 11th, 2026
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