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Banks suffer loss of Rs 1.2 billion in riots

Sat, Jan 5, 2008

Economics & Business

ISLAMABAD: The State Bank of Pakistan (SBP) said Saturday that bank branches across the country suffered a total loss of about Rs 1.2 billion as riots engulfed the country following the assassination of former Prime Minister Benazir Bhutto.

The State Bank of Pakistan has collected details of banks’ branches damaged across the country due to the law and order situation. According to SBP, a total of 699 branches have been damaged, out of which 409 were partially and 290 were fully damaged. In addition to this, 148 ATMs have also been damaged. The total loss inflicted on banks as a result of this damage is estimated at around Rs 1.2 billion.-SANA

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This post was written by:

Rubab Saleem - who has written 2999 posts on Pakistan Times!.

Rubab Saleem is Editor of Pakistan Times

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