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Print Print edition: 2012-01-04

Supporting capital structure: Punjab government deposits Rs seven billion with BoP

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In order to support capital structure of the Bank of Punjab (BoP), the government of Punjab, being the majority shareholder, has deposited with the bank an additional amount of Rs 7 billion as "Advance Subscription Money" against future issue of shares.
According to an information sent to Karachi Stock Exchange (KSE) on Tuesday, this amount is in addition to Rs 10 billion deposited in year 2009. The formal process for issuance of shares will be initiated in due course of time.

Copyright Business Recorder, 2012

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