The top 10 companies on the FBR list include the Oil and Gas Development Company Ltd, United Bank Ltd, Government Holdings (Private) Ltd, Pakistan Petroleum Limited, Pakistan State Oil Company Ltd, the Allied Bank of Pakistan
, the Pakistan Telecommunications Authority, Habib Bank Ltd, Indus Motor Company Ltd, and Nestle Pakistan Ltd.
of the Allied Bank of Pakistan
in Governor House Quetta today.
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+.
But after the beginning of 1990s, the tempo of disbursement of agricultural loans by these banks has reduced to a lower level with the least stress and zeal on account of the privatisation of two banks i.e Muslim Commercial Bank and Allied Bank of Pakistan
. There is also apathy of policies which attach lesser importance and stress to the provision of agricultural loans by these banks.
ALLIED BANK OF PAKISTAN
DIRECTOR, BOARD OF DIRECTORS.
Income to the tune of Rs 14.4 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 1.06 billion dollars has been accrued against the sale of shares of Habib Bank Limited.
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
Muslim commercial Bank (MCB) and Allied Bank of Pakistan
Limited (ABL) were privatised and work on privatisation of Habib Bank Limited (HBL), United Bank Limited (UBL), Bankers Equity Limited (BEL) is underway.