National Bank of Pakistan- Introduction

National Bank of Pakistan maintains its position as Pakistan's premier Bank determined to set higher standards of achievements. It is the major business partner for the Government of Pakistan with special emphasis on fostering Pakistan's economic growth through aggressive and balanced lending policies, technologically oriented products and services offered through its large network of 1431 branches locally, 24 branches internationally and representative offices .

Prime Commercial Bank Limited

Within the framework of the Government's policies, private sector groups were invited to set up new commercial banks in the country. Availing this opportunity, a group of Pakistani professionals with extensive domestic and international banking and finance experience, decided to pool their resources and talent with a select group of influential, but like minded, business houses in Pakistan and overseas to form the Prime Commercial Bank Limited.

From inception, the professionals determined that Prime Commercial Bank Limited would remain a "Management Driven Bank", and indeed, drew up the terms of reference for this collective partnership on that basis. Our strategy is focused on continuing improvement of internal procedures and operating structures to have a greater control on the quality of our business and to provide better management direction.

Currency

The basic monetary unit is the Pakistani rupee, consisting of 100 Paisa. 44.31 rupee equal US $ 1 ; (1998). The State Bank of Pakistan, established in 1948, issues banknotes; manages currency and credit, the public debt, and exchange controls; and supervises the commercial banks. Pakistani banks were nationalized in 1974. A number of major foreign banks maintain offices in the country.