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In June 2002, Union Bank acquired 10 branches of Emirates Bank in Pakistan for $18 million. [2] In 2006, Standard Chartered Bank acquired 81% of Union Bank's shares for US$413 million. Under Pakistani law, it had to delist Union Bank and make an offer for the outstanding shares; the offer raised the total purchase price to about US$511.
[5] [6] At the time of the merger, Standard Chartered was the largest foreign bank in Pakistan and operated in all four provinces, maintaining a network of 21 branches. [4] In 2006, Standard Chartered Bank acquired Union Bank in Pakistan. On 30 December 2006, Standard Chartered merged Union Bank with its own subsidiary, Standard Chartered Bank ...
Deutsche Bank AG (Deutsche Bank Pakistan) 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)
According to the Economic complexity index, Pakistan is the 67th largest export economy in the world and the 106th most complex economy. [10] During the fiscal year 2015–16, Pakistan's exports stood at US$20.81 billion and imports at US$44.76 billion, resulting in a negative trade balance of US$23.96 billion.
In 2002, the Government of Pakistan sold 51% of its shares of the bank [4] to a consortium of Abu Dhabi Group and Bestway. Also, the bank merged its operations in the United Kingdom with those belonging to National Bank of Pakistan to form United National Bank Limited. United Bank owns 55% of the joint-venture and National Bank of Pakistan owns ...
On 1 July 2009, telephone numbers in Karachi and Lahore were changed from seven digits to eight digits. This was accomplished by adding the digit 9 to the beginning of any phone number that started with a 9 (government and semi-government connexions), and adding the digit 3 to any phone numbers that did not start with the number 9. [1]
Allied Bank was established on 3 December 1942, as Australasia Bank at Lahore with an initial capital of Rs 120,000 by Khawaja Bashir Bux, the son of a silk trader. [3] Khawaja Bashir Bux's father, who was originally from Kashmir , had settled in Lahore after being orphaned at a young age. [ 3 ]
Gajju Matta (Urdu, Punjabi: گجو متہ) is a neighbourhood and union council (UC 145) located in Nishtar Tehsil of Lahore, Punjab, Pakistan. It is the location of Gajjumata Metrobus Terminal Station , which serves as the southern terminus of the Lahore Metrobus .