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 four provinces, two autonomous territorie ...

, 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 bicameral federal legislature that consists of the Senate as the upper ...

, 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 fourt ...

. 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 th ...

in 2001.

References

{{authority control 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