Karachi, First Punjab Modaraba informed Pakistan Stock Exchange that board of directors meeting of the company will be held on December 01, 2020 at Lahore. The agenda of the meeting will to consider the annuals audited accounts for year ended June 30, 2020 and quarterly accounts for quarter ended September 30, 2020 for declaration of any entitlement has been rescheduled on December 02, 2020.
Further, the company has declared the closed period from October 22, 2020 to December 02, 2020.
First Punjab Modaraba is established in Pakistan on July 14, 1992 under Modaraba Companies and Modaraba (Floatation and Control) Ordinance 1980 and the rules framed there under and managed by Punjab Modaraba Services Private Limited, a wholly owned subsidiary of The Bank of Punjab. The modaraba commenced its operations from 23 December 1992. The Modaraba is a perpetual and multi-dimensional Modaraba and is primarily engaged in the business Musharikah Finances, Ijarah finances and other related business in accordance with the injunctions of Islam. The stocks of the modaraba are quoted on the Karachi, Lahore and Islamabad Stock Exchange of Pakistan. The registered office of the company is located in Lahore.
The symbol “FPJM” is being used by the stock exchange for the shares of First Punjab Modaraba.