SBP Sanctions Silk Bank and United Bank Merger
The State Bank of Pakistan (SBP) has sanctioned the amalgamation of Silk Bank Limited (SBL) with and into United Bank Limited (UBL).In accordance with the approved scheme, SBL shareholders will receive new ordinary shares of UBL based on the swap ratio: one new ordinary share of UBL with a face…
SBP Sanctions Silk Bank and United Bank Merger
The State Bank of Pakistan (SBP) has sanctioned the amalgamation of Silk Bank Limited (SBL) with and into United Bank Limited (UBL).In accordance with the approved scheme, SBL shareholders will receive new ordinary shares of UBL based on the swap ratio: one new ordinary share of UBL with a face…
Central bank of Pakistan defies expectations, holds interest rate
After six consecutive rate cuts, Pakistan's central bank decided to keep the benchmark interest rate unchanged at 12%.The decision was taken in a meeting of its Monetary Policy Committee (MPC) on Monday.The announcement was not in line with market expectations. A survey of 14 analysts conducted last week by Dot…
Central bank of Pakistan defies expectations, holds interest rate
After six consecutive rate cuts, Pakistan's central bank decided to keep the benchmark interest rate unchanged at 12%.The decision was taken in a meeting of its Monetary Policy Committee (MPC) on Monday.The announcement was not in line with market expectations. A survey of 14 analysts conducted last week by Dot…
