Nishat Chunian to invest up to USD 1 mln on retail expansion in Dubai

MG News | October 29, 2020 at 01:40 PM GMT+05:00

0:00

October 29, 2020 (MLN): The management of Nishat Chunian Limited (NCL) has planned to expand its retail business in the global market. For this purpose, it intends to incorporate two Companies in Dubai.

According to the notification to PSX, the Board of Directors, in its meeting held on 29th October 2020, has resolved to establish two separate companies in Dubai. First will be a company in Free Zone (FZC company) and second a company in Mainland Dubai (LLC Company), for total Investment/Trade Credit/Advance up to USD 1 million, subject to requisite approvals.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	185,543.01 576.35M	-0.52% -975.70
ALLSHR	110,883.95 1,421.07M	-0.21% -234.71
KSE30	56,998.00 313.06M	-0.83% -479.10
KMI30	261,472.18 320.16M	-0.88% -2323.37
KMIALLSHR	71,138.29 707.65M	-0.30% -213.12
BKTi	54,074.14 81.81M	-1.08% -590.97
OGTi	36,259.39 25.98M	-0.18% -64.48

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	90,185.00	91,840.00 89,760.00	-1050.00 -1.15%
BRENT CRUDE	61.17	61.23 59.96	1.21 2.02%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	0.05 0.06%
ROTTERDAM COAL MONTHLY	98.10	98.15 97.75	-0.60 -0.61%
USD RBD PALM OLEIN	1,027.50	1,027.50 1,027.50	0.00 0.00%
CRUDE OIL - WTI	57.09	57.18 55.97	1.10 1.96%
SUGAR #11 WORLD	15.01	15.04 14.90	0.03 0.20%