December 12, 2007	Wednesday	Zilhaj 1, 1428

KARAHCI, Dec 11: Pak-Libya Holding Company (Pvt) Ltd has received an additional capital of Rs1,600 million, including foreign direct investment equivalent of $13.124m from its Libyan shareholders Ms Libyan Foreign Investment Company (LFICO) to meet the minimum capital requirement. Pak-Libya has now met its target of the MCR ahead of the time set by the State Bank of Pakistan as Dec 31, 2009.

The company has enhanced its paid-up capital from Rs3,442 million to Rs5,842 million in 2007 by way of subscribing the additional capital of Rs 2,400 million through right shares, says a press release.