Bank of Bahawalpur
| Company type | Central bank (1947–1955) Commercial bank (1955–1974) |
|---|---|
| Industry | Banking |
| Founded | December 1947 |
| Defunct | 1974 |
| Fate | Merged into National Bank of Pakistan |
| Successor | National Bank of Pakistan |
| Headquarters | , |
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
- ^ "In memoriam: The last Ruler of Bahawalpur". 29 May 2011.
- ^ "Managing state-owned enterprises". www.thenews.com.pk. Retrieved 6 December 2024.
- ^ State Bank of Pakistan (1971). Banking Statistics of Pakistan. Dept. of Statistics, SBP. p. 201.
- ^ a b Hameed, Rizwan (1979). Banker's Advances: A Book for Bankers & Businessmen. p. 2.
- ^ "Year Book of the Karachi Stock Exchange Ltd - Volume 1".
- ^ Lawrence J. White (2015). Industrial Concentration and Economic Power in Pakistan. Princeton University Press. p. 74. ISBN 9781400871797.
- ^ "From The Past Pages Of Dawn: 1974: Fifty Years Ago: 5 scheduled banks". Dawn. 5 April 2024.