NBP to open its branch in Sri Lanka

NBP to open its branch in Sri Lanka

ISLAMABAD: Sri Lankan’s delegates visited to National Bank of Pakistan (NBP) under the leadership of K A Baiz and discussed mutual investment opportunities.

NBP has leaped a big step to promote the banking sector and trade volume of Pakistan and South Asia especially with Sri Lanka.As the first step, the NBP is going to open its branch in Colombo, Sri Lanka and in this regard all the documentation work is in the process.After the completion of documentation process, the bank will open its branch as soon as possible, Syed Ibne Hassan, head of corporate communication at NBP said.

Hassan said increase in the business activity between the two countries was also discussed at length with the visiting team.Sri Lankan delegation led by K A Baiz, Mayor of Puttalam and Chief government organiser for Puttalam Electorate met with Zubair Ahmed, senior Executive Vice President of NBP.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 added.

NBP branch will provide extra ordinary facilities to Sri Lankan and Pakistani business community for the opening of letters of credit and other business documentation, he said. During the meeting Khalid Bin Shaheen, senior Executive Vice President and Group Chief and Chairman of NBP’s Exchange Companies Wing informed NBP was one of the major contributors in the remittance basket with 11 percent share. – Dailytimes