Industry news |
| SBP declares TMFB as scheduled bank |
KARACHI (September 18, 2009): The State Bank of Pakistan on Thursday declared Tameer Micro Finance Bank Limited as scheduled micro finance bank. In a press release, the central bank said: "in exercise of the powers conferred on it by clause (a) of sub-section (2) of Section 37 of the SBP Act, 1956, the SBP is pleased to declare "Tameer Micro Finance Bank Limited" as scheduled micro finance bank (MFB) for the purpose of its direct membership of clearing house with immediate effect.
Source: Business Recorder