LAHORE, Oct 22: The Shariah-compliant First National Bank Modaraba (FNBM) will become operational during the first week of November, said Chief Executive Officer of FNBM, Shafiq Khan while giving a presentation to the members of Lahore Stock Exchange (LSE) here on Wednesday.

The subscription applications for FNBM, a subsidiary of National Bank of Pakistan, will be received at the designated branches on October 23-24.—APP