Karachi, First Punjab Modarabainformed Pakistan Stock Exchange that board of directors meeting of the company will be held on February 26, 2018 at Lahore. 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 19, 2018 to February 26, 2018.
First Punjab Modaraba is established in Pakistan on July 14, 1992 under Modaraba Companies and Modaraba (Floatation and Control) Ordinance 1980 and the rules framed there under and managed by Punjab Modaraba Services Private Limited, a wholly owned subsidiary of The Bank of Punjab. The modaraba commenced its operations from 23 December 1992. The Modaraba is a perpetual and multi-dimensional Modaraba and is primarily engaged in the business Musharikah Finances, Ijarah finances and other related business in accordance with the injunctions of Islam. The stocks of the modaraba are quoted on the Karachi, Lahore and Islamabad Stock Exchange of Pakistan. The registered office of the company is located in Lahore.
The symbol “FPJM” is being used by the stock exchange for the shares of First Punjab Modaraba.