Askari Bank Ltd (Urdu: عسکری بینک) (formerly Askari Commercial Bank) is a commercial and retail bank in Pakistan and is owned by Fauji Foundation. It was founded on October 9, 1991, as a Public Limited Company. On June 21, 2013, the bank was acquired by Fauji Group. The Bank is listed on the Pakistan Stock Exchange (PSX) and was also listed on the stock exchanges of Karachi, Lahore and Islamabad before their merger to form the single unified Pakistan Stock Exchange (PSX). The bank acquired its license (License No. BL-7) under s.27 of Banking Companies Ordinance, 1962 from State Bank of Pakistan on 13 February 1992. The license was issued by Mr. Saeed Haider Bhatti.