History
History of NIBAF
NIBAF was set up on 8th March 1993 as a Private Limited Company by Guarantee and was sponsored by the former Pakistan Banking Council (PBC) in collaboration with National Bank of Pakistan, Habib Bank Limited, United Bank Limited, Muslim Commercial Bank and Allied Bank Limited.
However, it It came into the ownership of SBP following the amendment in Banks Nationalization Act and the consequent dissolution of the Council in 1997. In 2002, SBP acquired the shares of other banks except for NBP. In 2007, NIBAF was notified as a fully owned subsidiary of SBP after acquisition of shares of NBP by SBP.