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The
commercial banks operating in Pakistan are going through the
difficult process of restructuring. The banks have been
asked to raise their paid-up-capital, make full disclosure
and appropriate provisions. Efforts are being made to
restructure NCBs for their ultimate privatization. A number
of foreign banks have either sold their Pakistan operations
to local banks or are involved in the negotiations. The
Cover Story discusses the environment for banking operation
in the country and tries to find out if the higher profit
made in the past was only because of inefficiency of others?
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