Amalgamation of Burj Bank with Al Baraka (Pakistan) Limited takes effect

Karachi, October 31, 2016 (PPI-OT):State Bank of Pakistan sanctioned the scheme of amalgamation of Burj Bank Limited with and into Al Baraka Bank (Pakistan) Limited under Section 48 of the Banking Companies Ordinance, 1962. The scheme of amalgamation would become effective from close of business today i.e. October 31, 2016. Accordingly, all the branches of Burj Bank shall continue their normal course of business/ operation under the name of Al Barka Bank (Pakistan) Limited.

For more information, contact:
Syed Wasimuddin
Chief Spokesman
State Bank of Pakistan (SBP)
Central Directorate
I.I. Chundrigar Road, Karachi, Pakistan
Tel: +92-21-111-727-111
Tel: +92-21-39212562
Fax: +92-21-39212433 – 39212436