MCB Bank Limited (Urdu: ایم سی بی بینک) is a Pakistani multinational commercial bank which is based in Lahore, Punjab, Pakistan. The majority of shares are owned by Pakistani conglomerate Nishat Group and Malaysian bank Maybank. The bank has a network of 2000 branches and over 1200 ATMs in Pakistan. The current President/CEO of the bank is Shoaib Mumtaz.
MCB, advised by Merrill Lynch, became the fourth Pakistani company (the other three being Hubco, PTCL, and Chakwal cement; they all have been delisted) to list on the London Stock Exchange when it raised US$150 million in global depositary receipts.
I am facing electric surge problem for last few years at my home. The surge mostly damages electronic gadgets. Both Honeywell and Belkin brand protectors have failed so far. The surge passes through these protectors and blows everything connected to them.
Now, I have been told that issue is...