SECP clears Rs1.5bn capital boost for Pakistan's first digital retail bank
Pakistan's first digital retail bank moved a step closer to commercial operations after the Securities and Exchange Commission of Pakistan (SECP) approved a Rs1.5bn increase in the paid-up capital of HugoBank.
August 05, 2026 (MLN): Pakistan's first digital retail bank moved a step closer to commercial operations after the Securities and Exchange Commission of Pakistan (SECP) approved a Rs1.5bn increase in the paid-up capital of HugoBank. The fresh capital injection paves the way for HugoBank's commercial launch. The bank has already secured in-principle approval from the State Bank of Pakistan (SBP) to establish a...