by: DR ALI AKBAR DHAKAN, KARACHI, SINDH
In late eighties, after bearing considerable resistance of federal government and State Bank, the provinces of Punjab and NWFP were able to establish provincial Banks such as Bank of Punjab and the Bank of Khyber. Both banks are functioning as commercial Banks providing people of their provinces benefits of employment, finance, training and economic development.
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The case for Sindh Bank
THE former chief minister of Sindh, accepting the long-awaited public demand, had announced establishment of the Sindh Bank. Then advertisements were splashed in daily newspapers, not once but twice and thrice during the year 2007. Afterwards a lot of money was also incurred on spadework in the chief minister’s secretariat.
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