JS Bank has acquired an additional 67.33% stake in BankIslami Pakistan Limited, further solidifying its position in Pakistan’s banking sector. This strategic move makes BankIslami a subsidiary of JS Bank and aligns with JS Bank’s commitment to expanding its product offerings, particularly in Islamic banking.

Despite this acquisition, both banks will continue to operate independently, leveraging their strengths to provide top-notch services to their customers. Basir Shamsie, President & CEO of JS Bank, expressed enthusiasm for this significant milestone, highlighting the growth opportunities it presents for both institutions.