SECP approves BOP’s Rs20bn share issue to Punjab govt

Mettis Global reported on October 29, 2026 that the Securities and Exchange Commission of Pakistan cleared Bank of Punjab’s first share sale to the Punjab government, capped at 523,560,209 shares and Rs20bn. The shares are to be offered outside a rights issue, with the per-share amount set at whichever is greater: Rs38.20 or the market price plus a 5% premium. The approval follows a shareholder resolution passed on September 8, 2026.

The bank must complete the allotment in electronic book-entry form within 60 days and notify the regulator and exchange within seven days after issuance. The transaction is the opening stage of a Rs30bn Punjab government capital injection, with up to Rs20bn scheduled by December 31, 2026 and the rest by June 30, 2027. BOP’s board approved the plan on August 7, 2026; the stock had climbed close to 9% over the preceding three sessions, on roughly 158m shares traded.