Supreme Court disposes review petitions filed against merger of KASB and BankIslami

MG News | December 18, 2018 at 12:25 PM GMT+05:00

0:00

December 18, 2018 (MLN): Bank Islami Pakistan has received certified copies of order dated 06.12.2018 of the Honorable Supreme Court of Pakistan, in two Civil Review Petitions filed by Mr. Nasir Ali Shah Bukhari and Ms. Ghazala Monem.

According to the notification issued to PSX, the petition was filed with regard to merger of the Defunct KASB Bank Limited with Bank Islami Pakistan Limited.

The Honorable Supreme Court vide this order dated 06.12.2018 and disposed of the Review Petitions.

Previously, the Honorable High Court of Sindh and the Honorable Lahore High Court had already disposed of cases for setting aside the regulatory merger of the Defunct KASB Bank into Bank Islami.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	187,761.69 450.87M	1.44% 2662.86
ALLSHR	112,676.86 1,195.52M	1.05% 1167.51
KSE30	57,522.35 166.78M	1.38% 784.61
KMI30	264,743.45 175.88M	1.48% 3870.74
KMIALLSHR	72,300.02 597.10M	1.14% 811.71
BKTi	54,499.63 44.60M	1.50% 808.03
OGTi	38,644.55 21.80M	-0.07% -27.90

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	93,225.00	95,600.00 92,040.00	-2440.00 -2.55%
BRENT CRUDE	64.12	64.39 63.26	-0.01 -0.02%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	-2.25 -2.53%
ROTTERDAM COAL MONTHLY	97.20	97.20 97.15	-0.55 -0.56%
USD RBD PALM OLEIN	1,027.50	1,027.50 1,027.50	0.00 0.00%
CRUDE OIL - WTI	59.39	59.56 58.53	0.05 0.08%
SUGAR #11 WORLD	14.99	15.00 14.60	0.42 2.88%