Board of directors meeting of First Pak Modaraba

Karachi, First Pak Modaraba informed Pakistan Stock Exchange that board of directors meeting of the company will be held on August 27, 2021 at Karachi. The agenda of the meeting will to consider the Annual Accounts for the period ended June 30, 2021.

Further, the company has declared the closed period from August 20, 2021 to August 27, 2021.

First Pak Modaraba is a multipurpose, perpetual Modaraba. The Modaraba is currently engaged in various modes of Islamic funding’s and businesses which include ijarah financing, deployment of funds in Musharaka, Modaraba and investment in securities.

The total number of shares are 12,540,000. The Earnings per share is 0.15 in 2020 which was 0.04 in 2019. The Profit after Taxation of the Company is 1,845,000 in 2020 which was 514,000 in 2019.