MCB Bank Seeks Regulatory Approval for Due Diligence of Silkbank Limited

Karachi, MCB Bank Limited (“MCB”) has expressed its interest in conducting the due diligence of Silkbank Limited (“Bank”), pending approval from the State Bank of Pakistan. The Board of Directors of the Bank has reviewed and considered MCB’s request, granting in-principle approval for the management of the Bank to seek regulatory clearance from the State Bank and proceed with the necessary steps to initiate the due diligence process.

Check Also

Pakistan Issues $3 Billion Dual-Tranche Eurobond

Islamabad: Pakistan has issued a three-billion-dollar dual tranche Eurobond. The positive development was shared by Finance Minister Muhammad Aurangzeb while speaking at the High-Level International Dialogue on Taxation for Fiscal Sustainability in Pa...