Attock Refinery Board Meeting to Discuss Corporate Budget for FY 2023-24

Karachi, Attock Refinery Limited has announced that a meeting of its Board of Directors is scheduled to take place on June 19, 2023 in Rawalpindi. The purpose of the meeting is to deliberate and finalize the Corporate Budget for the upcoming Financial Year 2023-24.

The Board of Directors, comprising esteemed members, will convene to review the financial projections, investment plans, and strategic initiatives put forth by the management team. The budget discussion is an essential part of Attock Refinery’s annual planning process, as it lays the foundation for the company’s operations, growth strategies, and financial performance in the coming year.

In compliance with Clause 5.6.ld) of the PSX Regulations, Attock Refinery has also declared a “Closed Period” from June 12 to June 19, 2023. During this period, no Director, CEO, or Executive of the company is permitted to engage in any form of trading or dealing in Attock Refinery’s shares, directly or indirectly. This measure aims to ensure fairness and prevent any potential conflicts of interest ahead of the important board meeting.

The Closed Period is a standard practice that restricts insider trading and ensures the integrity of decision-making processes. It emphasizes the company’s commitment to maintaining a level playing field and upholding regulatory guidelines set by the Pakistan Stock Exchange (PSX).