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	135,939.87 307.74M	-0.41% -562.67
ALLSHR	84,600.38 877.08M	-0.56% -479.52
KSE30	41,373.68 101.15M	-0.43% -178.94
KMI30	191,069.98 82.45M	-1.17% -2260.79
KMIALLSHR	55,738.07 422.01M	-1.03% -577.24
BKTi	38,489.75 45.79M	-0.02% -8.33
OGTi	27,788.15 6.87M	-1.24% -350.24

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	118,290.00	120,695.00 116,660.00	-1945.00 -1.62%
BRENT CRUDE	69.24	69.41 68.60	0.03 0.04%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	1.50 1.56%
ROTTERDAM COAL MONTHLY	106.50	0.00 0.00	-0.05 -0.05%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	66.90	67.13 66.27	-0.08 -0.12%
SUGAR #11 WORLD	16.47	16.51 16.25	0.17 1.04%