Circulars/Notifications -  
 No. BPD (PU-31)/625-71/2006/7447
August 04, 2006 

 

N O T I F I C A T I O N

In pursuance to amalgamation of Rupali Bank Limited Pakistan operations with and into Arif Habib Rupali Bank Limited, in terms of the Scheme of amalgamation sanctioned on July 07, 2006, under section 48 of Banking Companies Ordinance, 1962, State Bank of Pakistan in exercise of powers conferred on it by Section, 27 (4) (i) of Banking Companies Ordinance, 1962, has cancelled the banking license of Rupali Bank Limited Pakistan operations. Further, 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 Rupali Bank Limited Pakistan operations with effect from the close of business on 4th August, 2006. The scheme of amalgamation will become effective from 5th August, 2006.


 

Sd/-
(Muhammad Javaid Ismail)
Joint Director

       
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