BIPL to establish Exchange Company with Rs1.2bn Capital

MG News | February 27, 2025 at 04:26 PM GMT+05:00

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February 27, 2025 (MLN): The Board of Directors of BankIslami Pakistan Limited (PSX: BIPL) approved the establishment of an exchange company with an initial paid-up share capital of Rs1.2 billion.

This is subject to approval/clearance by the State Bank of Pakistan (SBP) and completion of other regulatory compliance requirements.

The Exchange Company would be a wholly owned subsidiary of the Bank and would operate as an exchange company within the framework prescribed by the SBP.

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