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 2024-12-06^
- State Bank of Pakistan. Banking Statistics of Pakistan Dept. of Statistics, SBP, 1971^
- Rizwan Hameed. Banker's Advances: A Book for Bankers & Businessmen 1979^
- Year Book of the Karachi Stock Exchange Ltd - Volume 1^
- Lawrence J. White. Industrial Concentration and Economic Power in Pakistan Princeton University Press, 2015^
- From The Past Pages Of Dawn: 1974: Fifty Years Ago: 5 scheduled banks Dawn, 5 April 2024^