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Citi Bank N.A (CitiBank N.A Pakistan) Industrial and Commercial Bank of China Limited (ICBC Pakistan) Bank of China [3] (Bank of China Pakistan Branch) The Hong Kong and Shanghai Bank (HSBC Bank Pakistan) The Bank of Tokyo-Mitsubishi UFJ (MUFG Bank Pakistan) Saudi National Bank (Samba Financial Group|Samba Bank (Pakistan) Limited)
Before independence on 14 August 1947, during the British colonial era, the Reserve Bank of India was the central bank for the then undivided subcontinent. On 30 December 1948 the British Government's commission distributed the Reserve Bank of India's reserves between Pakistan and India—30 percent (750 M gold) for Pakistan and 70 percent for India.
In April 2020, Zafar Masud was appointed as the president and CEO of the bank by the Government of Punjab, Pakistan and later was approved by the State Bank of Pakistan. [7] In December 2020, Pakistan Stock Exchange designated Bank of Punjab a market maker for debt securities. [8] [9] [10]
In 2001, the State Bank of Pakistan and the Bank of England permitted only two Pakistani banks to operate in the United Kingdom. As a result, NBP and United Bank Limited merged their UK operations to form Pakistan International Bank, with NBP holding a 45% stake and United Bank owning 55%. In 2002, Pakistan International Bank was renamed United ...
After independence, the State Bank of Pakistan was established as the central bank of the country, with its headquarters in Karachi. Prior to independence, the Reserve Bank of India acted as the central bank for what became Pakistan. Under pressure from the International Monetary Fund, Pakistan implemented economic reforms in the late 1990s. [1]
Easypaisa was founded in 2009 by Telenor Microfinance Bank as a money transfer service through Unstructured Supplementary Service Data (USSD) channels. [3] Telenor Microfinance Bank was originally founded as Tameer Microfinance Bank and was acquired by Telenor Pakistan in 2008.
Cash-strapped Pakistan's standby $3 billion arrangement with the global lender expires on April 11, and the two sides reached a staff-level agreement regarding the disbursal of the final tranche ...
It was done to facilitate the transfer of Muslim assets to Pakistan, aiding both individual depositors and larger accounts. [9] The bank played a crucial role in the economic framework of newly independent Pakistan. [9] The Habib family owned and managed the bank until the Pakistan government nationalised it on 1 January 1974.