Nishat Mills to invest Rs 2.7b in MCB & power subsidiary

The State Bank of Pakistan (SBP) has approved Nishat Mills Limited (NML), country’s leading integrated textile mills to increase its equity shareholding in MCB Bank, reported national daily. According to SBP’s approval, NML is allowed an investment in the shares of MCB Bank up to a shareholding of 8.03 pc. As of February 13, NML Read More