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Industrial Development Bank




Industrial Development Bank is the first bank that had introduced the concept of investing the money in the companies and manufacturing sectors. This helped in the easy increase of
money as the development and profit of the companies will have a percentage for the bank that will directly result in the growth of the economical sector of the country. The idea was supported by the government and many manufacturing sectors. This is how Industrial Development Bank in Pakistan got famous in many other countries as well.

The emphasis was on the development of the industrial sectors as well as the economy of the country and that is why the Industrial Development Bank of Pakistan became popular in every house hold and manufacturing sectors. All these years, the Industrial Development Bank worked immensely in order to achieve the goals and targets that had been set-up and they achieved full success in it. In the present generation, there are many branches of the Industrial Development Bank all over the world. It has also worked a lot in order to bring development in the rural areas of the country and has become a well-known name in the world of financial and banking institutions of not only Pakistan but also in the other countries.

The Industrial Development Bank is a bank that is owned by the Pakistan government. State Bank of Pakistan has 36% of its shares, 57% of the shares lie with Federal government and the rest of the 7% with the public sector corporations and the provincial government. Industrial Development Bank is among those Pakistan Banks that are continuously doing well and playing an important role in the development of economy in the country.