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State Bank of Pakistan (SBP) has allowed a one-year extension in the services of Muhammad Usman Ali Usmani as president and CEO of MCB Bank. According to a communiqué of the bank sent to KSE here on Friday, MCB said that Usmani's term has been extended till September 24, 2012, subject to compliance with the applicable laws, rules and regulations.

Copyright Associated Press of Pakistan, 2011

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