Punjab Govt to Inject Rs. 30 Billion Into Bank of Punjab
The Bank of Punjab has proposed issuing up to Rs. 30 billion worth of ordinary shares to the Government of … Read More The post Punjab Govt to Inject Rs. 30 Billion Into Bank of Punjab appeared first on ProPakistani .
The Government of Punjab is set to inject Rs. 30 billion into the Bank of Punjab, as disclosed by the bank on August 10 to the Pakistan Stock Exchange. At a special meeting on August 7, 2026, the bank's board approved the equity subscription proposal. The shares will be issued in two stages, with the first tranche of up to Rs. 20 billion expected by December 31, 2026, and the remaining amount by June 30, 2027.
The issuance is subject to various approvals, including those from the bank's shareholders, the State Bank of Pakistan, and the Securities and Exchange Commission of Pakistan. The final issue price will be determined following the guidelines set by the relevant legal framework and must receive approval from the relevant authorities.
The Bank of Punjab has not yet disclosed the final issue price. The bank has pledged to inform the Pakistan Stock Exchange about any further developments in line with the applicable legal and regulatory requirements.
Written by urgent.news from ProPakistani's reporting — not their text. Machine-written — it may contain errors, so check the original before relying on it.
