Appointment of Chief Executive of Balochistan Particle Board Limited

Karachi, Balochistan Particle Board Limited informed Pakistan Stock Exchange that Mr. Ali Niaz Akhter has been appointed as Chief Executive of the Company with effect from June 14, 2019 in place of Mr. Muslim R. Habib.

Balochistan Particle Board Limited is a public limited company incorporated in Pakistan. The manufacturing operations of Urea Formaldehyde continued to remain closed on account of prevailing adverse conditions. Company’s present business operations comprise of letting out part of its premises to third parties for purposes of storage and conduct commercial operations. The registered office of the company is located in Karachi. The factory is located in Baluchistan. The stocks of the company are quoted on the Karachi and Lahore Stock Exchanges of Pakistan.

The associated companies of the business are Bank Al Habib Limited, Greenshield Insurance Brokers Private Limited, Habib & Sons Private Limited, Habib Capital Management Private Limited, Habib Commercial Company Private Limited, Habib IT Solutions Private Limited, Habib Leasing Corporation Private Limited, Habib Mercantile Company Private Limited, Habib Sugar Mills Limited, Hasni Knitwear Private Limited, Hasni Textiles Private Limited, Investment Consultancy Private Limited, National Mercantile Company Private Limited and S.M.E. Leasing Limited.

The symbol “BPBL” is being used by the stock exchanges for the shares of Baluchistan Particle Board Limited.