Karachi, Silkbank Limited, a prominent financial institution, has been granted an extension by the court for holding its Annual General Meeting (AGM) for the year ended December 31, 2021.

In accordance with a certified copy of the court order dated August 08, 2023, the bank has been granted an extension of 90 days, allowing it until December 05, 2023, to conduct its AGM for the specified fiscal year.

Silkbank Limited had previously communicated its intent for an extension in a letter dated August 08, 2023, bearing reference No. CS-079/PSX/2023. Subsequently, the bank received official confirmation of the extension from the court on the same date.

This extension signifies Silkbank's dedication to fulfilling its legal obligations while adhering to the regulatory framework. The additional time granted will enable the bank to ensure a comprehensive and well-prepared Annual General Meeting for its stakeholders.

As the bank takes these steps, it maintains its commitment to transparency, accountability, and regulatory compliance, ultimately bolstering its relationships with shareholders and stakeholders.