NOTIFICATION
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, the State Bank of Pakistan is pleased to direct the de-scheduling of Burj Bank Limited with effect from close of business on October 31, 2016, on account of its merger with and into Al Baraka Bank (Pakistan) Limited, in terms of the Sanction Order dated October 14, 2016, issued under Section 48 of the Banking Companies Ordinance, 1962.