National Bank of Pakistan to open Colombo branch

National Bank of Pakistan (NBP) has taken a big step to promote banking and the trade volume of Pakistan especially with Sri Lanka. As the first step, the NBP will open its branch in Colombo. The documentation work is currently under way and after it's completed, the bank will open its branch as soon as possible, Head of Corporate Communication at NBP Syed Ibne Hassan told the media.

Increase in business between the two countries was discussed when a high-profile Sri Lankan delegation led by Mayor of Puttalam and Chief Government Organiser for Puttalam Electorate K.A. Baiz met Senior Executive Vice President of NBP Zubair Ahmed recently.

The opening of NBP's Colombo branch will also assist Pakistanis living in Sri Lanka to remit their finances to their home country fast, Hassan said.

- Business Recorder