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Bank was sold for Rs1,000, causing huge losses to exchequer and shareholders
NAB called for putting the accused on ECL due to loss caused by merger of two banks
Committee chief says undue favours in merger deal has tainted SBP’s image
ICAP says with reference to news published earlier
It accuses SBP officials of giving undue favour to BankIslami
Will consider converting it into formal investigation, role of central bank and external auditor in the limelight
Findings presented to parliament, points out SBP sustained Rs435m in losses
Company says liquidity issues and meeting excessive regulatory and reporting requirements serves no purpose anymore