Karachi, First Punjab Modaraba informed Pakistan Stock Exchange that a meeting of the Board of Directors of the Company scheduled to be held on October 27, 2021 at Lahore to consider Annual Accounts for the period ended June 30, 2021 is in progress.
FPM was established on July 14, 1992 under Modaraba Companies and Modaraba (Floatation and Control). The Modaraba is a perpetual and multi-dimensional Modaraba and is primarily engaged in the business of Musharikah Financing, Ijarah Financing and other related business in accordance with the injunctions of Islam.
The total number of shares are 34,020,000. The Earnings per share is (1.63) in 2020 which was 0.18 in 2019. The Profit after Taxation of the Company is (55,311,000) in 2020 which was 6,225,000 in 2019.