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On 14 December 2002, the Government of Pakistan renamed the Agricultural Development Bank of Pakistan (ADBP) as Zarai Taraqiati Bank Ltd (ZTBL). [5] ZTBL was registered under the Companies Ordinance 1984, and all assets, liabilities, and proceedings were transferred to and vested in Zari Taraqiati Bank with effect from 14 December 2002.
Faysal Bank's operations in Pakistan consisted of the branch operations established in 1987 and Faisal Islamic Investment Bank, which was set up in 1996. [6] In 1995, the branches of Faysal Islamic Bank were incorporated as a conventional bank in Pakistan and it took over the six branches of Faysal Islamic Bank of Bahrain E.C in Pakistan.
Burj Bank Limited, formerly known as Dawood Islamic Bank Limited (DIBL), now merged into Al Baraka Bank, [2] was Pakistan's sixth full-fledged Islamic commercial bank. The bank received its license from the State Bank of Pakistan in May 2006, [ 3 ] and officially commenced its operations on Friday, April 27, 2007.
Mobilink (Urdu: موبی لنک) was the trade name of Pakistan Mobile Communications Limited (PMCL), a mobile operator in Pakistan providing a range of prepaid and postpaid voice and data telecommunication services to both individual and corporate subscribers.
Meezan Bank was founded as an Islamic investment bank in 1997 by Noor Financial, Pak Kuwait Investment Company, and Islamic Development Bank. [4] It was then known as Al-Meezan Investment Bank. [5] In 2000, Meezan Bank was listed on the Karachi Stock Exchange. [6] In 2002, Meezan Bank acquired Pakistan operations of Société Générale. [7]
Located at 25.367 °N latitude and 68.367 °E longitude with an elevation of 13 metres (43 ft), Hyderabad is located on the east bank of the Indus River and is roughly 150 kilometres (93 mi) away from Karachi, the provincial capital. Two of Pakistan's largest highways, the Indus Highway and the National
In March 2023, the United States' Acting Comptroller of the Currency Michael J. Hsu stated that "there are strong parallels between FTX and the Bank of Credit and Commerce International – better known in bank regulatory circles as BCCI – which failed in 1991 and led to significant changes in how global banks are supervised."
Poverty in Pakistan has been recorded by the World Bank at 39.3% using the lower middle-income poverty rate of US$ 3.2 per day for the fiscal year 2020–21. [1] In September 2021, the government stated that 22% percent of its population lives below the national poverty line [ 2 ] set at Rs.