May 13, 2003	Tuesday	Rabi-ul-Awwal 10, 1424

KARACHI, May 12: The Muslim Commercial Bank has finally received a licence to open the first dedicated Islamic banking branch at Shaheen Complex.

A press release on Monday said the State Bank issued on May 7 a formal licence to the MCB for opening an Islamic banking branch. The MCB Islamic banking branch is expected to commence operations by July this year.