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Askari Bank was founded in October 1991 as Askari Commercial Bank and a year later it was listed on the Karachi Stock Exchange. [3] In November 2006, Askari Bank established a wholly-owned asset management firm named Askari Investment Management Limited. [4] In June 2013, Askari Bank was acquired by Fauji Foundation from Army Welfare Trust. [5]
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Army Welfare Trust (AWT), also known as Askari Group, is a Pakistani conglomerate based in Rawalpindi. The Army Welfare Trust, along with Fauji Foundation , are run by ex-military personnel of the Pakistan Army.
Allied Bank Limited (ABL) Lahore: Askari Bank (Fauji Group) Islamabad: Bank Alfalah Limited (BAFL) Karachi: Bank Al-Habib Limited (BAHL) Karachi: Habib Bank Limited (HBL) Karachi: Habib Metropolitan Bank Limited: Karachi: JS Bank Limited (JSBL) Karachi: MCB Bank Limited (MCB) Lahore: Soneri Bank: Karachi: Standard Chartered Pakistan (SC ...
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Year 1999: ABN AMRO and Askari Bank connected their ATM network. [1] Year 2002: SBP circular for the mandatory connectivity of either of the two switches (1LINK or MNET). [2] Year 2003: 1LINK formed with a consortium of eleven founder banks. Year 2004: SBP instructed 1LINK and MNET to interconnect with each other. [1]