NOTIFICATION
In pursuance to the Scheme of Amalgamation of NIB Bank Limited with and into MCB Bank Limited, sanctioned on June 13, 2017 under Section 48 of the Banking Companies Ordinance, 1962 (BCO), the State Bank of Pakistan in exercise of powers conferred on it by Section 27 (4) (i) of the BCO, is pleased to announce that the banking license of NIB Bank Limited will stand cancelled with effect from close of business on July 07, 2017.