Pakistan banks told to double capital base by 2003

Pakistan has told banks to double their minimum paid-up capital to one billion rupees ($17.2 million) by the start of 2003. "No banking company shall be permitted to undertake a full range of financial services unless and until it has a minimum paid up capital, net of losses, of rupees one billion on or before January 2003," said a statement of Pakistan's central bank issued late on Wednesday. The statement said a banking company failing to meet the minimum capital requirement would stand to be

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account