January 09, 2007	Tuesday	Zilhaj 18, 1427

KARACHI, Jan 8: Standard Chartered Bank, which recently acquired a Pakistani bank, plans to double its presence in next five years. Group Executive Director of Standard Chartered Plc Mike DeNoma told a press conference on Monday that the Bank would expand its branch network up to 250 in next five years. After acquiring Union Bank, the share of Standard Chartered in the banking sector rose to 6.5 per cent which the bank wants to increase in the range of 10 to 15 per cent.