Saturday, August 9, 2014

Opening bank branches in India, Pakistan might take some more time

......Indian public sector banks State Bank of India and Bank of India had their branches in Karachi and Lahore till 1965. However, they were shut down following the war between both countries that year. Ali said all processes concerning the grant of 'Most Favoured Nation' (MFN) status to India has been done by the Pakistan government. However, he also indicated that a final decision on this will be taken only after the meeting of both foreign secretaries on August 25....

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