KARACHI, September 12, 2023: Pakistan’s leading bank-United Bank (UBL) has announced to sale of United National Bank Limited UK (UNBL UK) to Bestway Group, and the establishment of an Exchange Company. According to a notice to the Pakistan Stock Exchange (PSX), the management has informed that UBL board approved the sale of its 55% stake…
Karachi, January 13, 2021: TPL Corp, Pakistan’s leading tech conglomerate, has acquired an additional stake in TPL Properties, the tech giant’s emerging real-estate property development arm. With a 51 percent stake post-acquisition, TPL Corp and its sponsors have become the majority shareholders in TPL Properties. According to the notice on Pakistan Stock Exchange, TPL Corp acquired…
Karachi, June 23, 2020: TPL Insurance Ltd, the insurance arm of TPL Corp and Pakistan’s first direct insurance company, has signed a Letter of Interest (LOI) with DEG, Deutsche Investitions – und Entwicklungsgesellschaft mbH (“DEG”), a wholly owned subsidiary of KfW Group based in Cologne, Germany. The proposed transaction of an acquisition of a minimum…
Karachi, February 04, 2020: Senior leader of Pakistan Tehreek-e-Insaf and former Vice President of FPCCI, Fehmida Jamali on Tuesday said that the Federation of Pakistan Chambers of Commerce and Industry’s nomination for the executive committee in SAARC Countries Chamber of Commerce seems to be politically motivated, which has clearly set aside the country’s image and…