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HBL Eyes Silkbank After Fauji Foundation Drops Interest

Karachi: The owner of Askari Bank, Fauji Foundation, sought to acquire Silkbank. Silkbank reports that Fauji Foundation is no longer cooperating with Silkbank’s due diligence in a notice to the PSX.

Read More: Blue World City Announced Shoaib Akhtar Enclave Payment Plan

Habib Bank Ltd (HBL), a potential new buyer, has asked Silkbank Limited to submit an application to the State Bank of Pakistan in order to move on with the due diligence of the bank’s Consumer Portfolio, which consists of credit cards, running finance, and personal installment loans.

This was approved on April 7, 2021 by the Silkbank Ltd Board of Directors.

Please check out the Al Sadat Marketing website to find out what’s going on.

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Al Sadat Marketing is an emerging Real Estate Agency headquartered in Islamabad, Pakistan. With over 10+ Years of experience, Al Sadat Marketing is providing its services and dealing all trending housing societies projects in different cities of Pakistan. Islamabad Projects, Rawalpindi Projects, Gujar Khan Projects, Burhan Projects, and Peshawar Projects etc.

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