Bank of Khyber to set up brokerage house and exchange company

Posted on 05.03.05 by StockPK Team @ 11:41 am    

The Bank of Khyber (BoK) is going to establish a brokerage house, an exchange company, and housing subsidiary during the current calendar year. The objective behind it is to construct residential townships, and handed them over to people according to the principles of the Islamic banking. This was stated by BoK Acting Managing Director Qazi Munir-ul-Haq, while talking to Business Recorder on Saturday. He said the financial position of the Bank of Khyber is registering improvement with each passing day, saying it had earned Rs 199 million gross profit during first quarter of the current calendar year.