pursuance to the Scheme of Amalgamation of Royal Bank of
Scotland Limited (RBS Pakistan) with and into Faysal Bank
Limited, sanctioned on December 29, 2010 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 BCO, has cancelled the banking license
of RBS Pakistan with effect from the close of business on
December 31, 2010.