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NIB Bank Limited, a Temasek's subsidiary in Pakistan, is a major shareholder of PICIC Insurance Limited with a 30% stake. Temasek Holdings is an investment company owned by the government of Singapore , through which is managed a portfolio of more than US$100 billion, focused primarily in Asia.
Metro Pakistan, formerly known as Metro-Habib and Makro Habib, is a Pakistani supermarket chain stores operator based in Lahore. [2] It is a subsidiary of German chain Metro Cash & Carry and Thal Limited. Metro opened its first store in 2007. [3] It operates 10 supermarkets, in total, in Karachi, Lahore, Islamabad, Faisalabad, and Multan. [4]
METRO Pakistan Pvt. Limited is a leading wholesale and retail company in Pakistan, established in 2007 as part of the global METRO Cash & Carry network. The company operates 10 wholesale centers in major urban cities such as Lahore, Karachi, Multan, Islamabad, and Faisalabad.
Insurance in Pakistan is regulated under the Insurance Ordinance, 2000. It is divided into three components: life insurance, general insurance and health insurance.The Government of Pakistan established the Department of Insurance in April 1948 as a department of the Ministry of Commerce; the aim of this department is to take care of affairs related to the insurance industry.
The Employees' Old-Age Benefits Institution (EOBI) (Urdu: ادارہِ مراعاتِ معمّر ملازمین) is the pension, old age benefits and social insurance institution of the Government of Pakistan. It operates under the control of Ministry of Overseas Pakistanis and Human Resource Development. [1]
Aziz also rebranded the bank as HabibMetro in an effort to enhance its appeal across Pakistan. [3] During his tenure, the bank deposits grew by 17.3 percent annually, compared to the industry average of 13.1 percent. [3] The bank's net income also grew by 11.4 percent per year, which was higher than the industry average of 5.2 percent. [3]
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)
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]