What Is The Brief History Of The Allied Bank Of Pakistan?
If we look into historical background, than in the early 1940 the Muslim community was realize to have participation in the field of commerce. Hindus believe that banking was unsuited profession for Muslims. But Khawaja Bashir who was the chairman of bank make the Muslims realize that they could be successful in field of banking. So, he established Muslim bank in Punjab by the name of Australian bank Limited. It works from 1940 till 19 73 as fully Muslim bank. At the time of independence all the branches in India, include these main cities Amritsar, Batala, Jalandhar, Ludhaina, Delhi and Angra (Agra)) were closed down. New Branches were opened in Karachi, Rawalpindi, Peshawar, Sialkot, Sargodha, Jhang, Gujranwala and Kasur. Later it network spread to Multan & Quetta. By the end of 1970 it had 101 branches. Unfortunately it lost 51 branches when East Pakistan was separated. The bank did well in despite losing lot of its assets. By the end of 1973 the bank had 186 branches in West Pakist
