O T I F I C A T I O N
pursuance to scheme of amalgamation of PICIC Commercial
Bank Limited (PCBL) with and into NIB Bank Limited, sanctioned
on December 31, 2007 under Section 48 of the Banking Companies
Ordinance (BCO), 1962, State Bank of Pakistan in exercise
of powers conferred on it by Section 27 (4) (i) of BCO,
1962 has cancelled the banking license of PCBL with effect
from the close of business on December 31, 2007.