Pakistan Company News

Extraordinary general meeting of Pakistan Services Limited

Karachi, Pakistan Services Limited informed Pakistan Stock Exchange that extraordinary general meeting of the company is scheduled to be held on March 16, 2023 at Islamabad.

The agenda of the meeting will be confirming the minutes of the annual general meeting held on October 27, 2022.

Further, the closed period of the company is from March 10, 2023 to March 16, 2023 (both days inclusive).

Pakistan Services Limited was incorporated on 06 December 1958 in Pakistan as a public limited company. The Company is principally engaged in the hotel business and owns and manages the chain of Pearl Continental Hotels. The Company also owns one small sized property in Lahore operating under the budget hotel concept. The Company also grants franchise to use its trade mark and name “Pearl Continental”.

The Company is listed on Pakistan Stock Exchange with a large number of shares that are 32,524,250. The Earnings per shares of the Company is (53.62) in 2020 which was (26.55) in 2019. The Company had a loss of Rs. 1,744,014,000 in 2020 which was (863,398,000) in 2019.