The National Development Finance Corporation (NDFC) was a corporation owned by the
Government of Pakistan
The Government of Pakistan ( ur, , translit=hakúmat-e pákistán) abbreviated as GoP, is a federal government established by the Constitution of Pakistan as a constituted governing authority of the Administrative units of Pakistan, four provin ...
, with the original main purpose of providing financing to public enterprises. Later its objectives were expanded to also provide financing to private enterprises as well. It was created in 1973 through an Act passed by the
Parliament of Pakistan
The Parliament of Pakistan ( ur, , , "Pakistan Advisory Council" or "Pakistan Consultative Assembly") is the federal and supreme legislative body of Pakistan. It is a bicameralism, bicameral federation, federal legislature that consists of ...
, under the premiership of
Zulfikar Ali Bhutto
Zulfikar (or Zulfiqar) Ali Bhutto ( ur, , sd, ذوالفقار علي ڀٽو; 5 January 1928 – 4 April 1979), also known as Quaid-e-Awam ("the People's Leader"), was a Pakistani barrister, politician and statesman who served as the fourth ...
. It was amalgamated into the
National Bank of Pakistan
National Bank of Pakistan (NBP) () is a Pakistani government-owned multinational commercial bank which is a subsidiary of State Bank of Pakistan. It is headquartered in Karachi, Pakistan. As of September 2020, it has 1,511 branches across Pakist ...
, by the regime of
General Pervez Musharraf
General Pervez Musharraf ( ur, , Parvez Muśharraf; born 11 August 1943) is a former Pakistani politician and four-star general of the Pakistan Army who became the tenth president of Pakistan after the successful military takeover of the ...
in 2001.
References
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Government-owned companies of Pakistan
Banks of Pakistan
2001 mergers and acquisitions
Defunct government departments and agencies of Pakistan
1973 establishments in Pakistan
2001 disestablishments in Pakistan
Government of Zulfikar Ali Bhutto
Pakistani companies disestablished in 2001
Pakistani companies established in 1973