Pakistan-based First Women Bank Ltd (FWBL) has rolled out its first debit card, dubbed PayPak Debit Card, on its 28th anniversary.

The newly launched debit card will offer customers higher purchase limits enabling them to shop & pay at retail outlets across the country.

The new card can be used to withdraw cash from all ATMs throughout Pakistan, the bank said.

First Women Bank president and CEO Tahira Raza said that the bank is proud to launch a new debit card, opening the doors to a world of payment options. The bank takes pride on being the home of economic empowerment for millions of women and their families.

Raza added that FWBL will continue to strengthen its position by introducing new innovative products and fulfilling customer’s needs by providing the right solutions.

FWBL was incorporated as a Scheduled Commercial Bank in 1989 as a joint venture of five largest commercial banks and Government of Pakistan.

The government of Pakistan holds 82.64% stake in FWBL. Other shareholders include National Bank of Pakistan, Habib Bank, MCB Pakistan, United Bank and Allied Bank.