N
O T I F I C A T I O N
In
pursuance to scheme of amalgamation of Habib Bank AG Zurich
Pakistan Operations with and into Metropolitan Bank Limited
(MBL), sanctioned on September 29, 2006 under Section 48
of the Banking Companies Ordinance, 1962, State Bank of
Pakistan (SBP) in exercise of powers conferred on it by
Section 27 (4) (i) of the Banking Companies Ordinance, 1962,
has cancelled the banking license of Habib Bank AG Zurich
Pakistan Operations with effect from the close of business
of 25th October, 2006.