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Barclays Opens for Business in Pakistan

Stephen Harris

20 December 2007

Barclays Bank has entered Pakistan’s financial market with an initial investment of $100 million to open ten branches throughout the country. Mohsin Nathani has been appointed as country head and managing director of Barclays in Pakistan. Barclays will be the seventh foreign bank, operating in Pakistan as a branch alongside a number of foreign banks having locally incorporated subsidiaries.