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KARACHI: The Burj Bank Limited (BBL) in the first phase will established its 50 branches in the country.

This was stated by the president and chief executive officer of BBL, Ahmed Khizar Khan, when he called on the Sindh Chief Minister, Syed Qaim Ali Shah, at the CM House here on Tuesday.

Burj Bank is the new name of the Dawood Islamic Bank Limited, he informed.

Khizar said that the BBL in the first phase will establish its 50 branches in the country and later on more branches would be added.

He informed that currently a branch of the BBL is functioning in Hyderabad whereas branches would soon be established in Sukkur, Larkana, Mirpurkhas and other cities.

Khizar said that the BBL is functioning on the pattern of the International Development Bank and that its priority is working for development of the Islamic countries.

Sindh Chief Minister, Syed Qaim Ali Shah, appreciated the decision of the BBL. He also hoped that the economic activities would also be promoted as a result.

On the occasion, Syed Qaim Ali Shah assured the BBL of his every assistance. Senior vice-president of BBL, Baqir Hussain, was also present during the meeting.

Copyright APP (Associated Press of Pakistan), 2012


 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 04, 2015
Reserves $17.491 bln