Karachi, Pakistan Refinery Limited informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on October 07, 2020 at Karachi.
The agenda of the meeting will to receive, consider and adopt the Annual Audited Financial Statements of the Company for the year ended June 30, 2019 together with the Directors and Auditors Reports thereon, to appoint auditors for the year ending June 30, 2020 and fix their remuneration and to elect ten directors of the Company as fixed by the Board of Directors in their meeting held on July 16, 2020 in accordance with the provisions of the Companies Act 2017 for a period of three years commencing October 08, 2020
Further, the closed period of the company is from October 01, 2020 to October 07, 2020 (both days inclusive).
Pakistan Refinery Limited was incorporated in Pakistan as a public limited company in May, 1960. The foundations of the company are based on the Companies Ordinance, 1984. The company is engaged in the production and sale of petroleum products the domestic market and Pakistan defense forces. The shares of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan. The registered office of the company is situated in Karachi.
The refinery is operating at two locations. Main processing facility is located at Korangi Creek with supporting crude berthing and storage facility at Keamari. The design capacity of the refinery is 2.1 million tons per annum. The company is a hydro skimming refinery designed to process various imported and local crude oil to meet the strategic and domestic fuel requirements of the country. The refinery has a capacity of processing 47,000 barrels per day of crude oil into a variety of distilled petroleum products such as furnace oil, high speed diesel, kerosene oil, jet fuel and motor gasoline etc.
The symbol “PRL” is being used by the stock exchanges for the shares of Pakistan Refinery Limited.