FPRM to form subsidiary to scale up AML/CFT business

MG News | July 12, 2023 at 01:38 PM GMT+05:00

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July 12, 2023 (MLN): The Board of Directors (BoD) of First Paramount Modaraba (PSX: FPRM) has approved the formation of a subsidiary of the company to scale up the areas of operations of their AML CFT-related business.

Modaraba's principal activities include the deployment of funds for Murabaha, Modaraba, and Musharaka arrangements.

At the time of writing, the share of the company is being traded at Rs3.85, down by 15 paisa or 3.75% DoD.

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