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* NBP to open its branch in Sri Lanka to boost trade and investment opportunities
Fri, Nov 16, 2012, 12:47 am SL Time, ColomboPage News Desk, Sri Lanka.

Nov 15 (BR) ISLAMABAD- Sri Lankan's Delegates Visited to National Bank of Pakistan (NBP) Head office under the leadership of K.A.Baiz and discussed Mutual Investment Opportunities. National Bank of Pakistan (NBP) has leaped a big step to promote the banking sector and trade volume of Pakistan and South Asia especially with Sri Lanka, says a statement of the Bank issued here on Thursday.

As the first step, the NBP is going to open its branch in Colombo, Sri Lanka and in this regard, all the documentation work is in the process.

After the completion of documentation process, the bank will open its branch as soon as possible, Syed Ibne Hassan, Head of corporate Communication at NBP in the statement said.

Mr.Hassan said that increase in the business activity between the two countries is also discussed at length when a high profile Sri Lankan delegation led by K. A. Baiz, Mayor of Puttalam and Chief Government Organizer for Puttalam Electorate met with Zubair Ahmed, Senior Executive Vice President of NBP in Karachi recently.

During the meeting, SVP Parvez Taj Bhatti ,Syed Ibne Hassan,Divisional Head-CCD and other senior executives and officers of the bank also present.

The opening of the NBP branch at Colombo will also assist Pakistanis living in Sri Lanka to remit their finances to their home country at fast track, Hassan added.

Beside, the NBP branch will provide extra ordinary facilities to Sri Lankan and Pakistani business community for the opening of letters of credit and other business documentation, he said.

During the meeting Khalid Bin Shaheen, Senior Executive Vice President and Group Chief and Chairman of NBP's Exchange Companies Wing informed that NBP is one of the major contributor in the remittance basket with 11 per cent share.

Remittance figures has crossed the historic mark of $12 billion during the last financial year.

Read More:: BR (Source)