The second meeting of the Board of directors (BoDs) of the Sindh Bank held here on Monday. The Provincial Chief Secretary, Ghulam Ali Pasha, who is also the chairman of the Board, presided over the meeting. Finance secretary Dr Siddique Memon, briefed the board members about the progress made so far regarding the tentative start of operation by December 15 this year.
He also informed that formal application for the banking licence and commencement of business has been submitted to the State Bank of Pakistan on November 16. Muhammad Bilal Shaikh, president of Sindh Bank, said that the procurement for the site for head office and five branches as well as the related acquisition such as IT system and furniture, fixtures etc for the branches is underway and hopefully would be completed by the middle of next month.