Material Information of First Punjab Modaraba.

Karachi -- First Punjab Modaraba informed Pakistan Stock Exchange that. the company has decided to sell its 100% shareholding owned subsidiary namely Punjab Capital Securities (Pvt) Limited to the Bank of Punjab (i.e. parent bank of the Company) at price of Rs. 85.487 million.

The Shareholders of the Bank of Punjab have given approval of above acquisition by the Bank at its recently held Annual General Meeting on March 29, 2023.

The announcement is available at:

FPM was established on July 14, 1992 under Modaraba Companies and Modaraba (Floatation and Control). The Modaraba is a perpetual and...

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