Atlas Group

The Atlas Group established Atlas Investment Bank in 1990 as a joint venture between Atlas Group and the Bank of Tokyo-Mitsubishi, Japan. With an associated company, Atlas Lease Limited formed in 1989 as a joint venture between the Atlas Group, the Bank of Tokyo-Mitsubishi, Japan and the National Investment Trust, Pakistan was merged into the Bank in February, 2002. After the merger, the shares of the joint venture partners were taken over by the Group. The head office of the Bank is situated in Karachi with branch offices in Lahore, Islamabad and Faisalabad. The Bank is a member of all the three stock exchanges in Pakistan. Going forward, the Group acquired a commercial bank i.e., Dawood Bank Limited in 2005 and change its name to Atlas Bank Limited and merged the Atlas Investment Bank Limited in it.

Atlas Group was laid in 1962, with the establishment of Shirazi Investments (Private) Limited. Atlas Group is a diversified dealing in engineering, financial services and trading. It consists of seven public limited companies out of which six are quoted on the stock exchanges in Pakistan, and five private limited companies.

Like many western interest-based banks, Atlas Group has managed to swindle out third world countries like Pakistan through its diverse services and fractional reserve banking. Working conditions for employees are terrible. Like all other banks in Pakistan, minimum work hours for bank employees are 11 hours.