Park View Enclave files suit against Silkbank-UBL merger proposal

News Image

By MG News | December 26, 2024 at 04:15 PM GMT+05:00

0:00

December 26, 2024 (MLN): Park View Enclave (Private) Limited has filed a suit in the Sindh High Court at Karachi against Shaukat Fayaz Tarin and other individuals, according to the company's statement issued today.

The suit concerns the proposed amalgamation of Silkbank Limited (PSX: SILK) with United Bank Limited (PSX: UBL).

The suit concerns the amalgamation scheme that is expected to be approved by the State Bank of Pakistan under Section 48 of the Banking Companies Ordinance, 1962.

UBL has been included as Defendant No. 17 in the lawsuit.

The legal proceedings are part of ongoing efforts to resolve the issues related to the merger of the two banks.

The Sindh High Court issued an order in this regard.

UBL shall keep the Exchange informed of any material developments.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 132,576.99
161.03M
-0.62%
-826.20
ALLSHR 82,983.68
903.36M
-0.25%
-204.38
KSE30 40,358.80
56.86M
-0.72%
-292.66
KMI30 190,727.32
67.92M
-0.71%
-1356.60
KMIALLSHR 55,698.48
457.08M
-0.27%
-149.22
BKTi 36,242.06
11.15M
-0.50%
-180.82
OGTi 28,323.42
10.71M
-0.40%
-114.19
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 109,680.00 110,265.00
108,625.00
465.00
0.43%
BRENT CRUDE 70.31 70.71
69.61
0.16
0.23%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
1.45
1.51%
ROTTERDAM COAL MONTHLY 108.00 109.00
107.95
0.90
0.84%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.56 68.94
67.70
0.23
0.34%
SUGAR #11 WORLD 16.55 16.61
16.08
0.42
2.60%

Chart of the Day


Latest News
July 09, 2025 at 05:27 PM GMT+05:00

Gold price in Pakistan falls Rs3,000 per tola


July 09, 2025 at 05:26 PM GMT+05:00

UBL crowned top performing Primary Dealer in FY25


July 09, 2025 at 05:11 PM GMT+05:00

SECP approves name change for Secure Logistics



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg