N
O T I F I C A T I O N
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 PICIC Commercial Bank Limited with effect
from the close of business on December 31, 2007, on account
of its merger with and into NIB Bank Limited, in terms of
sanction order dated December 31, 2007 under Section 48
of the Banking Companies Ordinance, 1962.