KARACHI:-State Bank of Pakistan has sanctioned the scheme of amalgamation of Burj Bank Limited with and into Al Baraka Bank (Pakistan) Limited under Section 48 of the Banking Companies Ordinance, 1962.

The scheme of amalgamation became effective from close of business yesterday, October 31. Accordingly, all the branches of Burj Bank shall continue their normal course of business/operation under the name of Al Barka Bank (Pakistan) Limited.–Staff Reporter


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