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You are here: Home»Pakistan»Banking & Finance»Burj Bank to set up 50 branches in first phase

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 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln