First Paramount Modaraba launches wholly-owned UK subsidiary

MG News | January 19, 2024 at 04:44 PM GMT+05:00

0:00

January 19, 2024 (MLN): First Paramount Modaraba (PSX: FPRM) has successfully established its wholly-owned subsidiary, Paramount Compliance (Private) Limited, in the United Kingdom (UK), a notice issued by the company to PSX revealed today.

This move aims to enhance and expand the operations of FPRM in the areas of Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) business.

First Paramount Modaraba, by 100% holding in Paramount Compliance (Private) Limited, is the ultimate parent company of that UK-based company.

It is crucial to recall that on January 12, the Board of Directors (BoD) of the company made the decision to establish the subsidiary.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	164,158.80 88.45M	0.59% 970.27
ALLSHR	99,020.59 283.87M	0.60% 591.13
KSE30	50,054.55 50.41M	0.64% 318.62
KMI30	234,475.85 46.01M	0.71% 1646.14
KMIALLSHR	64,221.92 121.48M	0.66% 421.07
BKTi	44,773.03 12.39M	0.63% 279.90
OGTi	31,951.57 5.10M	0.66% 210.04

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	91,715.00	92,365.00 90,590.00	1800.00 2.00%
BRENT CRUDE	62.90	63.02 62.75	-0.23 -0.36%
RICHARDS BAY COAL MONTHLY	85.00	0.00 0.00	0.10 0.12%
ROTTERDAM COAL MONTHLY	96.00	96.00 96.00	0.00 0.00%
USD RBD PALM OLEIN	1,016.00	1,016.00 1,016.00	0.00 0.00%
CRUDE OIL - WTI	58.52	58.60 58.27	-0.13 -0.22%
SUGAR #11 WORLD	15.12	15.19 14.86	0.21 1.41%