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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.
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[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 ...
Within Pakistan the same number can be reached by dialing either 03XZ-YYYYYYY or '0092-3XZ-YYYYYYY' or '+92-3XZ-YYYYYYY' from any mobile device or landline. In order to dial a landline number from a mobile phone in Pakistan, city code is required in all cases. However, city code is not required between landline calls within the same city.