Pakistan Company News – Material Information of First Tri-Star Modaraba

Material Information of First Tri-Star Modaraba

Karachi, First Tri-Star Modarabainformed Pakistan Stock Exchange that the Company has established Imperial Tutorial College (ITC) for A-Level studies introducing the tutorial method of teaching to Pakistan. ITC is located on main Shara-e-Faisal, Karachi in a state of the art building to be operational from the academic year 2018- 2019.

First Tri-Star Modaraba was formed under the Modaraba Companies and Moradabad (Floatation and Control) Ordinance, 1980 and the Rules framed there under and is managed by A.R.T. Modaraba Management Private Limited. The Modaraba is a perpetual, multipurpose and multi-dimensional Modaraba and is primarily engaged in leasing of Plant and Machinery, Motor Vehicles (both commercial and private), Computer etc., providing finance on Morabaha and Musharika arrangement, purchases and sales of marketable securities and trading of various items. The Modaraba is quoted on the Karachi Stock Exchange of Pakistan. The registered office of the Modaraba is situated at Karachi.

The symbol “FTSM” is being used by the stock exchange for the shares of First Tri-Star Modaraba.