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Coronavirus
LOW Source: covid.gov.pk
Pakistan Deaths
28,280
1124hr
Pakistan Cases
1,265,047
66324hr
1.66% positivity
Sindh
465,819
Punjab
437,974
Balochistan
33,128
Islamabad
106,469
KPK
176,886

KARACHI: An extraordinary general meeting of shareholders of the United Bank Limited on Friday approved the voluntary winding up of the UBL Switzerland AG -- a wholly owned subsidiary of the United Bank Limited.

The extraordinary general meeting of the shareholders of the UBL also resolved that the president and CEO of UBL be and is hereby authorized to take all steps and action to give effect to the above resolution and to this effect to nominate/authorize any committee and/or person(s) or consultant(s) to fulfil the formalities, collect and submit documents to the regulatory or other concerned bodies in Pakistan and Switzerland for the purpose of winding up of UBL Switzerland AG, material information sent to the Pakistan Stock Exchange said.

Copyright Business Recorder, 2021

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