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Soneri seeking state approval as it joins tussle to snap up RBS Pakistan

Pakistan’s Soneri Bank (SBL) yesterday became the latest lender to the join the tussle surrounding the sale of the local operations of Royal Bank of Scotland.

“SBL will be seeking approval of the State Bank of Pakistan to proceed with the due diligence of RBS Pakistan,” SBL said in a statement to the Karachi Stock Exchange.