Bank of Bahawalpur

Last updated

Bank of Bahawalpur
Company type Central bank (1947–1955)
Commercial bank (1955–1974)
Industry Banking
FoundedDecember 1947 (1947-12)
Defunct1974 (1974)
FateMerged into National Bank of Pakistan
Successor National Bank of Pakistan
Headquarters
Bahawalpur
,
Pakistan
Area served
 Pakistan
Owner Bahawalpur State (1947–1955)
Government of Pakistan (1955–1965)
National Bank of Pakistan (1965–1974)

The Bank of Bahawalpur was the central bank of the State of Bahawalpur later a commercial bank which operated from 1947 to 1974. [1] [2] [3]

History

Bank of Bahawalpur was established by the Bahawalpur state in December 1947 after the creation of Pakistan. [4] In 1950, it was listed on the Karachi Stock Exchange. [5] In 1955, it became a state-owned bank of the Government of Pakistan after the dissolution of the Bahawalpur state in 1955. [6]

In 1965, the National Bank of Pakistan acquired ownership of the Bank of Bahawalpur from the Government of Pakistan. [4] In 1974, the Bank of Bahawalpur ceased its operations and was formally merged into the National Bank of Pakistan. [7]

References

  1. ↑ "In memoriam: The last Ruler of Bahawalpur". 29 May 2011.
  2. ↑ "Managing state-owned enterprises". www.thenews.com.pk. Retrieved 6 December 2024.
  3. ↑ State Bank of Pakistan (1971). Banking Statistics of Pakistan. Dept. of Statistics, SBP. p. 201.
  4. 1 2 Hameed, Rizwan (1979). Banker's Advances: A Book for Bankers & Businessmen. p. 2.
  5. ↑ "Year Book of the Karachi Stock Exchange Ltd - Volume 1".
  6. ↑ Lawrence J. White (2015). Industrial Concentration and Economic Power in Pakistan. Princeton University Press. p. 74. ISBN   9781400871797.
  7. ↑ "From The Past Pages Of Dawn: 1974: Fifty Years Ago: 5 scheduled banks". Dawn. 5 April 2024.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.