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Correspondent Banking Inspired by a challenging spirit and an unyielding desire to create a sound and reliable network of correspondent relationships, Alfalah Bank has placed great emphasis towards it growth. Accomplishing something for the first time requires a special focus. It demands foreseeing possibilities. In its endeavor, to do so, Alfalah Bank successfully surmounted problems and difficulties arising out of issues relating to weak economic conditions of the economy and a continuous deteriorating status of country risk. The incertitude and skepticism of the international banking community towards financial institutions from emerging markets remained intact. The Bank’s persistence during the past four years allowed it to make significant inroads into the arena of correspondent banking. Large international banks, have agreed to enter into relationship with Alfalah Bank after critically evaluating it. During 2002 the bank added 81 banks to its network of...