First Paramount Modaraba to launch UK subsidiary

MG News | January 12, 2024 at 04:32 PM GMT+05:00

0:00

January 12, 2024 (MLN): The Board of Directors of First Paramount Modaraba (PSX: FPRM) have decided to incorporate a wholly owned subsidiary of Paramount Compliance (Private) Limited in the United Kingdom (UK), the company informed through a notice sent to the local bourse today.

This decision aims to scale up the areas of operations of the AML CFT-related business.

First Paramount Modaraba will become the ultimate parent company of the UK-based company, the notice reads.

FPRM is a multi-purpose, perpetual and multidimensional Modaraba.

Modaraba's principal activities include deployment of funds on murabaha, modaraba, and musharaka arrangements.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	158,703.07 271.66M	0.47% 749.60
ALLSHR	97,232.57 619.34M	0.51% 491.36
KSE30	48,466.56 114.30M	0.56% 267.63
KMI30	234,194.71 78.67M	0.64% 1500.54
KMIALLSHR	65,367.11 332.07M	0.52% 339.98
BKTi	42,679.38 71.03M	0.45% 189.82
OGTi	31,995.69 4.56M	0.68% 216.33

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	117,260.00	117,795.00 116,905.00	-510.00 -0.43%
BRENT CRUDE	67.30	67.57 67.26	-0.14 -0.21%
RICHARDS BAY COAL MONTHLY	84.00	0.00 0.00	-0.40 -0.47%
ROTTERDAM COAL MONTHLY	94.00	94.50 94.00	0.45 0.48%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	63.04	63.35 63.01	-0.22 -0.35%
SUGAR #11 WORLD	16.13	16.27 15.89	-0.14 -0.86%