Board Meeting in Progress of Pakistan International Bulk Terminal Limited

Karachi, Pakistan International Bulk Terminal Limited informed Pakistan Stock Exchange that a meeting of the Board of Directors of the Company scheduled to be held on August 24, 2021 at Karachi to consider the Annual Accounts of the Company for the year ended June 30, 2021 is in progress.

Pakistan International Bulk Terminal Limited was incorporated on March 22, 2010. The Company has entered into a Built Operate Transfer (BOT) contract with Port Qasim Authority (PQA) on November 06, 2010 for the construction, development, operations and management of coal and clinker/cement terminal at Port Mohammad Bin Qasim for thirty years. After the expiry date, the Company will transfer all the concession assets to PQA.

The total numbers of shares of the Company are 1,786,092,772. The Earnings per shares is 0.64 in 2020 which was (1.37) in 2019. The Profit after Taxation is 1,144,285,000 in 2020 which was (2,377,102,000) in 2019.