sentences:  It provides a wide range of banking services including deposit in local currency; client deposit in foreign currency; remittances; and advances to business, trade, industry and agriculture.First Punjab Modaraba (FPM), a wholly owned subsidiary of the bank, was established in 1992, and is being managed by Punjab Modaraba Services (Pvt) Ltd.Currently, the Bank of Punjab is headed by Zafar Masud who joined as President and CEO on April 16, 2020 after being appointed by the Government of Punjab, Pakistan earlier and later being approved by the State Bank of Pakistan.