{"id":526,"date":"2024-06-04T08:45:13","date_gmt":"2024-06-04T08:45:13","guid":{"rendered":"https:\/\/pkfin.kotenterprises.dev\/?p=526"},"modified":"2025-01-06T05:21:13","modified_gmt":"2025-01-06T05:21:13","slug":"ubl-officially-launches-its-currency-exchange-operations","status":"publish","type":"post","link":"https:\/\/pkfin.kotenterprises.dev\/?p=526","title":{"rendered":"UBL Officially Launches Its Currency Exchange Operations"},"content":{"rendered":"\r\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.ubldigital.com\/\" rel=\"nofollow noopener\" target=\"_blank\">United Bank Limited<\/a> (PSX: UBL) on Monday organized an official launch ceremony of its wholly-owned subsidiary, UBL Currency Exchange (Private) Limited (UBLCEPL), in Karachi.<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">The launch ceremony was attended by Governor State Bank of Pakistan Jameel Ahmad, President &amp; CEO UBL Muhammad Jawaid Iqbal, along with other senior team members of SBP and UBL.<br \/>The Board of Directors of UBL in September 2023 approved the establishment of an exchange company with Rs. 1 billion as paid-up capital.<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">On February 21, 2024, the bank approved an investment of Rs. 1 billion in its currency exchange company to increase its paid-up capital to Rs. 2 billion.<\/p>\r\n\r\n\r\n\r\n<p class=\"wp-block-paragraph\">At the time of filing, UBL\u2019s scrip at the bourse was Rs. 221.69, up 0.05 percent or Rs. 0.12 with a turnover of 402,839 shares on Tuesday.<\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>United Bank Limited (PSX: UBL) on Monday organized an official launch ceremony of its wholly-owned subsidiary, UBL Currency Exchange (Private) Limited (UBLCEPL), in Karachi. The launch ceremony was attended by Governor State Bank of Pakistan Jameel Ahmad, President &amp; CEO UBL Muhammad Jawaid Iqbal, along with other senior team members of SBP and UBL.The Board [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":527,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"_FSMCFIC_featured_image_caption":"","_FSMCFIC_featured_image_nocaption":"","_FSMCFIC_featured_image_hide":"","footnotes":""},"categories":[7],"tags":[226,15,29,177,116,344,345],"class_list":["post","format-standard"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.9 - aioseo.com -->\n\t<meta name=\"description\" content=\"United Bank Limited (PSX: UBL) on Monday organized an official launch ceremony of its wholly-owned subsidiary, UBL Currency Exchange (Private) Limited (UBLCEPL), in Karachi. 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