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Article: Performance of foreign banks in Pakistan.
- Article from:
- Economic Review
- Article date:
- October 1, 1991
- Author:
CopyrightCOPYRIGHT 1991 Economic and Industrial Publications. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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As on June 30, 1990, there were 20 foreign banks in Pakistan. However, as on July 4, 1991 after the BCCI debacle, the number has declined to 19. In table on Page 70 working resulted of 19 banks have been included. Subsequently two more banks including Pan African Bank-Kenyan, privately owned enterprise and Al Baraka Bank were allowed to function in Pakistan. Thus the number of foreign banks has increased to 21 in 1991. Total mobilisation of deposits by foreign banks have registered more than threefold increase up from Rs. 10,689 million in 1983 to Rs. 42,348 million in 1990. The growth of deposits and advances of the foreign banks have been illustrated in the following ...