The Board of Directors of National Foods Limited has agreed to the establishment of its offices outside Pakistan. These offices will be based in UAE, Canada and United Kingdom and expected to be operational within next two year, according to the information sent to Karachi Stock Exchange on Monday.
It is expected that the cost of licensing registration, warehousing and working capital requirement would initially be in the range of $350,000 to $450,000. The said proposal will be subject to meet legal requirements and regulatory approvals, it added.
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