MCB BankMCB Bank Limited is a Pakistani commercial bank which is based in Lahore, Punjab. It is majority owned by a group of companies affiliated with Nishat Group and Malaysian bank Maybank. MCB Bank is listed on the Pakistan Stock Exchange. HistoryMCB Bank was incorporated as Muslim Commercial Bank in July 1947, shortly before the Partition of India, under the encouragement of Muhammad Ali Jinnah.Pakistan Stock ExchangeThe Pakistan Stock Exchange (PSX), founded as Karachi Stock Exchange (KSE) in 1947, is a stock exchange based in Karachi, Pakistan. In January 2016, the Karachi Stock Exchange merged with the Lahore Stock Exchange and Islamabad Stock Exchange to form the PSX, aiming to reduce market fragmentation and attract strategic investment partnerships.
Mian Muhammad ManshaMian Mohammad Mansha Yahya (Urdu: میاں محمد منشاء یحییٰ) is a Pakistani business magnate who is the current chairman of MCB Bank and one of the wealthiest individuals in Pakistan. His family owns Nishat Group. Mansha and some of his immediate family members are among the highest tax-paying individuals in Pakistan. Mansha is married into a siogal family.NDLNDL is a three letter acronym that stands for:DG CementDG Cement is a Pakistani building materials company based in Lahore. It is part of Nishat Group. DG Cement operates three plants located in Khairpur, Chakwal, Dera Ghazi Khan, and Hub, Balochistan.
LahoreCapital of Punjab, PakistanMegacity in Punjab, PakistanLahore is the capital and largest city of the Pakistani province of Punjab. It is the second-largest city in Pakistan, after Karachi, and 27th largest in the world, with a population of over 14 million. Lahore is one of Pakistan's major industrial, educational and economic hubs.
Nishat Mills LimitedNishat Mills Limited (Urdu pronunciation: [niːˈʃaːt] nee-SHAHT) is a Pakistani textile company based in Lahore. It produces yarn, linen, and other products made from raw cotton and synthetic fibers. It is one of the largest textile companies in Pakistan.
Corporate groupA corporate group, company group or business group, also formally known as a group of companies, is a collection of parent and subsidiary corporations that function as a single economic entity through a common source of control. These types of groups are often managed by an account manager. The concept of a group is frequently used in tax law and accounting and (less frequently) company law to attribute the rights and duties of one member of the group to another or the whole.
Chair (officer)The chair, also chairman, chairwoman, or chairperson, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the group or organisation, presides over meetings of the group, and is required to conduct the group's business in an orderly fashion. In some organizations, the chair is also known as president (or other title).*As an Amazon Associate I earn from qualifying purchases.