February 27, 2025 (MLN): The Board of Directors of BankIslami Pakistan Limited (PSX: BIPL) approved the establishment of an exchange company with an initial paid-up share capital of Rs1.2 billion.This is subject to approval/clearance by the State Bank of Pakistan (SBP) and completion of other regulatory compliance requirements.The Exchange Company would be a wholly owned subsidiary of the Bank and would operate as an exchange company within the framework prescribed by the SBP.Copyright Mettis Link NewsPosted on: 2025-02-27T16:26:19+05:00The post BIPL to establish Exchange Company with Rs1.2bn Capital appeared first on Mettis Global Link.