Board Meeting of First Treet Manufacturing Modaraba

Board Meetings

Karachi, First Treet Manufacturing Modarabainformed Pakistan Stock Exchange that the Board of Directors of the Company in their meeting held on February 15, 2018 at Lahore have approved Board Resolution pertaining to increase the Authorized Modaraba Fund From Rs. 2,500,000,000/- to Rs. 4,500,000,000/-.

Treet Corporation was setup in 1952 and is almost as old as the country itself. Companies within Group are Semi-Autonomous units responsible for their own budgeting, new products launch, market decisions and new venture exploration and pricing. Operating as strategic business units, they are treated as internal profit centers by the corporate headquarter i.e. Treet Corporation limited, the holding company. These business units develop their business strategies though independently from other businesses but are trained to remain in-tune with broader corporate business policies. Corporate strategy (by the Parent Company) seeks to develop synergies across business units by sharing and coordinating staff, making investments in these units and using them to complement other corporate business activities.

The symbol “FTMM” is being used by the stock exchange for the First Treet Manufacturing Modaraba.