In exercise of the powers conferred on it by clause (b) of Sub-Section (2) of Section 37 of the State Bank of Pakistan Act, 1956, State Bank of Pakistan is pleased to direct the de-scheduling of the Bank of Ceylon with effect from the close of business of March 24, 2004 on account of its merger with Dawood Bank Limited vide SBP order dated 08-03-2004 passed under Section 48 of Banking Companies Ordinance, 1962. The Amalgamation scheme will become effective from March 25, 2004