Karachi, First Paramount Modarabainformed Pakistan Stock Exchange that board of directors meeting of the company will be held on February 23, 2018 at Karachi. The agenda of the meeting will to consider the Half Yearly Accounts for the period ended December 31, 2017.
Further, the company has declared the closed period from February 16, 2018 to February 23, 2018.
First Paramount Modaraba is a multi-purpose, perpetual and multi-dimensional Modaraba floated under the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980 and the rules framed there under. It is managed by Paramount Investments Limited, a company incorporated in Pakistan. Modaraba’s principal activities includes deployment of funds on murabaha and musharika arrangements and its In-house ventures are Generator rental and sale project under the name “Advance Trading Corporation”, Weaving business under the name of “FPM Weaving” and Electrical maintenance and troubleshooting services’ business under the name of “FPM Solutions”. The stocks of the company are quoted on the Karachi and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in Karachi.
The symbol “FPRM” is being used by the stock exchange for the shares of First Paramount Modaraba.