Lankapage Logo Recent Top Stories
CP 13 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Pakistan bank to open branch in Sri Lankan capital
Sat, Nov 17, 2012, 12:49 pm SL Time, ColomboPage News Desk, Sri Lanka.

Nov 17, Colombo: National Bank of Pakistan (NBP) plans to open a branch in the Sri Lankan capital Colombo to boost trade and investment opportunities.

The NBP has all the documentation work in progress and the bank will open a branch when the paperwork is completed, Syed Ibne Hassan, Head of corporate Communication at NBP said in the statement.

A high profile business delegation visiting from Sri Lanka headed by K. Abdul Baiz, Chairman of Puttalam Urban Council held discussions this week with the senior bank officials on ways to increase business activities between the two countries.

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 said.

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

Baiz appreciated the effort of NBP officials for facilitation of the traders by opening the new branch in Sri Lanka.

He assured his complete support in this regard and informed the NBP officials that he already had a meeting with the Governor of Sri Lanka Central Bank to expedite the approval process.

Baiz also suggested the NBP officials to make separate counters of Islamic Banking in its Sri Lankan branches since Sri Lankan business community is in favor of Islamic mode of banking.



ColomboPage - Recent 10 Stories
Large scale Kerala Cannabis dealer arrested in Galewela
-- [8 hours ago]
A new full cabinet will be sworn in next week - Minister Rajitha
-- [9 hours ago]
Sri Lanka trade mission visits UAE to promote domestic tourism
Hatch Kalam: The first maker and co-worker space in Jaffna
Senior Laboratory Manager of Horana rubber factory arrested over deaths in ammonia tank
Rs. 485 mn worth dry rations for drought hit people in Puttalam
Sri Lanka to remove unauthorized constructions on coastal belt
Sri Lanka PM calls for expansive private sector ties with Iran
CID investigations reveal that same person directed all high profile crimes during previous regime
US human rights report says Sri Lanka military and police harass civilians with impunity

Copyright © 2000, 2012 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.