Yasin Anwar — File Photo
The Indian media had quoted the Governor of State Bank of Pakistan Yaseen Anwar (above) as saying that that the two countries had agreed to isse complete banking licenses to each other.     — File Photo

NEW DELHI: The India media reported that Pakistan and India have agreed to issue complete banking licenses and to open branches of two banks hosted in each others countries, DawnNews reported on Thursday.

The Indian media had quoted the Governor of State Bank of Pakistan, Yaseen Anwar as saying that State bank of India and Bank of India would open in branches in Pakistan whereas the National Bank of Pakistan ad United Bank Ltd would open its branches in India.

He further added that it might take a few months for the Indian banks to get approval for license.

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Plugging the gap
06 May, 2024

Plugging the gap

IN Pakistan, bias begins at birth for the girl child as discriminatory norms, orthodox attitudes and poverty impede...
Terrains of dread
Updated 06 May, 2024

Terrains of dread

Restored faith in the police is unachievable without political commitment and interprovincial support.
Appointment rules
Updated 06 May, 2024

Appointment rules

If the judiciary had the power to self-regulate, it ought to have exercised it instead of involving the legislature.
Hasty transition
Updated 05 May, 2024

Hasty transition

Ostensibly, the aim is to exert greater control over social media and to gain more power to crack down on activists, dissidents and journalists.
One small step…
05 May, 2024

One small step…

THERE is some good news for the nation from the heavens above. On Friday, Pakistan managed to dispatch a lunar...
Not out of the woods
05 May, 2024

Not out of the woods

PAKISTAN’S economic vitals might be showing some signs of improvement, but the country is not yet out of danger....