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The merger followed Standard Chartered Bank's acquisition of Grindlays' Middle Eastern and South Asian operations from ANZ Banking Group on July 31, 2000. [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 ...
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)
It was established in 1991 with its headquarters in Lahore, Pakistan. In 2000 the bank relocated its headquarters to Karachi. It was acquired by Standard Chartered Bank in 2006. Prior to the merger, it was Pakistan's eighth largest bank and had 65 branches in some 22 cities, about US$2 billion in assets, and about 400,000 customers. [1]
In 2018, there were 50.565 million bank accounts in Pakistan for its population of 207.77 million, resulting in a penetration rate of 24.34%. There were 15,053 bank branches, 14,148 ATMs, and 53,269 POS machines active in the country.
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.
The area codes in Pakistan consists of two to five digits; generally smaller the city, longer the prefix. All large cities have two-digit codes. The smaller towns might have six digital whereas big cities have seven digit numbers. Azad Kashmir telephone lines contain five digits. On 1 July 2009, telephone numbers in Karachi and Lahore were ...
The Karachi Stock Exchange, now consolidated as part of the Pakistan Stock Exchange, is headquartered here along with the largest banks, namely Habib Bank, United Bank, National Bank, Standard Chartered's Pakistani subsidiary and the State Bank – the nation's central bank. It is also the headquarters of media companies Hum Network and Geo ...
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.