KARACHI, March 5: The board of directors of the Saudi-Pak Insurance Company has decided to increase the paid-up capital of the company from Rs250 million to Rs375 million by issuing 50 per cent right shares at par.

The company has completed three days of its successful operations, with substantial growth and having large number of satisfied clients.

It is sponsored by the Saudi-Pak Industrial and Agriculture Investment Company, the Saudi-Pak Commercial Bank and the Saudi-Pak Leasing Company, says a press release.