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Bollywood star Sidharth Malhotra is currently rocking the headlines for his recently released film Shershaah based on the life of brace India Soldie ....
Silkbank agrees to sell majority stake to Fauji Foundation Business January 29, 2021 KARACHI: A multi-industry company Fauji Foundation on Thursday got consent of Silkbank Limited to acquire the bankâs majority stake. Financial terms were not disclosed. The bank allowed Fauji Foundation to conduct due diligence of Silkbank and the company intends to apply to the State Bank of Pakistan for the requisite approval, the bank said in a filing with the Pakistan Stock Exchange. The bankâs board of directors gave its in-principle approval to allow Fauji Foundation to conduct the require diligence and evaluate the information that will be provided by the Silkbank, according to the notice. ....
FFC plans to set up new DAP plant Seeks government commitment of natural gas at concessionary rates ISLAMABAD: Fauji Fertilizer Company (FFC) is planning to set up new DAP plant on concessionary rates in a bid to boost local production to meet shortfall. FFC is a sister company of Fauji Fertilizer Bin Qasim Limited that is producing DAP locally. In this regard, the Fauji group approached the Petroleum Division seeking government commitment of 30mmcfd natural gas at a concessionary rate of $0.77 per mmbtu for the first 10 years as it planned to set up a new DAP production plan for a total of 20 years under the Fertilizer Policy 2001. ....
Fauji Foundation keen to buy Silkbank Bank has opened doors for conglomerate to evaluate its possible price Fauji Foundation, a leading group of companies in Pakistan, has expressed interest in buying Silkbank in a bid to expand its footprint in the diversified business as the bank has opened doors for the conglomerate to evaluate its possible price. We would like to inform … Fauji Foundation has expressed interest in acquiring a majority stake in Silkbank Limited, Silkbank Company Secretary Faizul Hasan Hashmi said in a notice sent to the Pakistan Stock Exchange (PSX) on Thursday. As part of the process, Silkbank has been requested to allow Fauji Foundation to conduct due diligence of the bank and in this regard Fauji Foundation intends to apply to the State Bank of Pakistan (SBP) for requisite approval of the same. ....