Annual general meeting of Bank of Punjab to be held on March 29, 2023

Karachi, Bank of Punjab informed Pakistan Stock Exchange that annual general meeting of the company is scheduled to be held on March 29, 2023 at Lahore.

The agenda of the meeting will be confirming the minutes of Annual General Meeting held on June 29, 2022, to receive, consider and adopt the Annual Audited Financial Statements of the Company for the year ended December 31, 2022 together with the Directors and Auditors Reports thereon, to appoint auditors for the year ending December 31, 2023 and fix their remuneration and to transact any other business with the permission of the chair.

Further, the closed period of the company is from March 23, 2023 to March 29, 2023 (both days inclusive).

The announcement is available at:

The Bank of Punjab was constituted pursuant to the Bank Act, in 1989 and it was given the status of Scheduled Bank by the State Bank of Pakistan in 1994. The Bank is engaged in the commercial banking and related services with its Head office located in Lahore. The Bank of Punjab is Public Listed Company, and the license issued to the Bank of Punjab by the State Bank of Pakistan on September 19, 1994. The Punjab Modaraba Services Private Limited is a wholly owned subsidiary of The Bank of Punjab.

The number of shares the company has introduced are 2,643,692,380. The Earnings per share is 2.63 in 2020 which was 3.12 in 2019. Their Profit after Taxation is 6,943,739,000 in 2020 which was 8,248,529,000 in 2019.