This was stated by Chief Manager, State Bank of Pakistan Faisalabad, Waqas Kashif Bajwa while addressing an interactive session for the growth of SME sector which was organized by Allied Bank of Pakistan
Among other top tax payers in banking sector included United Bank Limited with tax payment of Rs 9,102,383,360, Allied Bank of Pakistan
Ltd (Rs 8,489, 951, 410), Zarai Taraqiati Bank Limited (Rs 3,292,756,013), Habib Metropolitan Bank Ltd (Rs 2,852,998, 076), Askari Bank Ltd (Rs 1,397,323, 713), Meezan Bank Limited (Rs 1,439,970,813), National Bank of Pakistan (Rs 2,046,614,535) and Standard Chartered Bank (Pakistan) Limited (Rs 3,444,588,699).
The Bank started out in Lahore by the name Australasia Bank before independence in 1942; and became Allied Bank of Pakistan
Banks who are part of the new network included MCB, Habib Bank Ltd, United Bank Ltd, Meezan Bank, Allied Bank of Pakistan
, National Bank of Pakistan, Tameer Bank, Bank of Punjab and Askari Bank.
2 December 2010 -- Pakistan's JCR-VIS Credit Rating Company said it raised the corporate governance rating on local Allied Bank Ltd (KAR:ABL), erstwhile Allied Bank of Pakistan
Ltd, to CGR 8+.
The case was registered by Federal Investigation Agency against Naseerul Hassan Shah who was then serving as a grade-II officer in Allied Bank of Pakistan
, Bhakkar branch, for embezzling Rs 3.
4 billion has been generated against privatization of Allied Bank of Pakistan
and Rs 905 million out of privatization of Heavy Mechanical Complex (HMC) while income amounting to 1.
The bank (amalgamation) scheme 1974 was notified in April providing for the amalgamation of the smaller banks with bigger ones and following the five units in there phases banks being National Bank Limited Habib Bank Limited United Bank Limited Muslim Commercial Bank Limited Allied Bank of Pakistan
e Muslim Commercial Bank and Allied Bank of Pakistan
The divestment of government's residual shareholding of over 10% in Allied Bank of Pakistan
at a strike price of Rs.
The applications could be deposited at National Bank of Pakistan, Muslim Commercial Bank, Dubai Islamic Bank, Habib Bank, Faisal Bank, Agricultural Development Bank, United Bank, Bank of Punjab, First Women Bank, JS Bank and Allied Bank of Pakistan
Ghulam Murtaza Satti cited the example of the sale of Allied Bank of Pakistan
for a paltry Rs 14 billion when even the bank building located in the Blue Area Islamabad was worth Rs 6-7 billion.