The National Development Finance Corporation (NDFC) was a corporation owned by the

Government of Pakistan The Government of Pakistan () (abbreviated as GoP), constitutionally known as the Federal Government, commonly known as the Centre, is the national authority of the Islamic Republic of Pakistan, a federal republic located in South Asia, con ...

, with the original main purpose of providing financing to public enterprises. Later its objectives were expanded to provide financing to private enterprises as well. It was created in 1973 through an Act of

Parliament of Pakistan The Parliament of Pakistan is the supreme Legislature, legislative body of the Islamic Republic of Pakistan. It is a bicameralism, bicameral federation, federal legislature, composed of the President of Pakistan and two houses: the Senate of ...

, adopted during the premiership of

Zulfikar Ali Bhutto Zulfikar Ali Bhutto (5 January 1928 – 4 April 1979) was a Pakistani barrister and politician who served as the fourth president of Pakistan from 1971 to 1973 and later as the ninth Prime Minister of Pakistan, prime minister of Pakistan from 19 ...

. The NDFC 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 December 2022, it has over 1,500 branches across Paki ...

, by the regime of military dictator

General Pervez Musharraf Pervez Musharraf (11 August 1943 – 5 February 2023) was a Pakistani general and politician who served as the tenth president of Pakistan from 2001 to 2008. Prior to his career in politics, he was a four-star general and :Pakistan Army ...

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