29.12.2008 - SBP grants record 730 branch licences in 2008
From Dailytimes.com: The State Bank of Pakistan (SBP) has issued 730 licenses to commercial banks to open new branches/sub-branches in calendar year 2008 under its Branch Licensing Policy (BLP). This is the highest ever number of licenses given by the State Bank in any year, a statement released by SBP said. In 2007, the State Bank issued a total of 474 branch licenses. As of December 16, 2008 the total number of bank branches operating in the country was 8,886..... Full Article: Source