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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.
