Senate Chairman Mohammedmian Soomro has asked the banks to break new grounds for investment and focus on projects which can provide more jobs in the country.
Among the sectors he recommended to the new generation of bankers were house building, manufacturing and agri industries.
Investment in these, he said, would not only provide more jobs but would also strengthen the banking industry and would provide a regular source of business to the investors and their clients.
He was speaking here at the opening of Islamabad branch of former Mashreque Bank of Dubai which has been merged into Crescent Investment Bank and has surfaced as CresBank.
Addressing a sizeable gathering of the Bank's clients and bankers, the Chairman of CresBank, Shamim Ahmed Khan, and Chief Executive Officer Azmat Ashraf said that they planned to have four new branches functioning by the end of the year.
The new bank will function as a joint venture between the Mashreque Bank of Dubai, owned by Al-Ghurair and Crescent Investment Bank Limited. The Bank already has branches in Karachi, Lahore and Peshawar.
Soomro welcomed the new bank and said that joint ventures like the CresBank brought more stability to the financial life of a country as they galvanise the funds and expertise.
He asked the bankers to utilise their past strength to provide better products to their clients at concessional rates and thus enhance the respectability of their profession.
Shamim assured Soomro that his officers believe in good governance to ensure adherence to the highest ethical, commercial and banking practices.