The proposed capital injection marks an important milestone in BOP’s ongoing transformation and is designed to strengthen the Bank’s capital base in support of its future growth ambitions. PKR 38.20 per share therefore serves as the floor price for the issuance. Importantly, this is growth capital. Commenting on the approval, Zafar Masud, President & CEO of The Bank of Punjab, said: “This capital injection is a vote of confidence by the Government of Punjab in BOP’s strategy and its people. The equity injection will be undertaken in phases, with the overall process targeted for completion by June 30, 2027.