Dispatch of final dividend warrants of Pak Datacom Limited

Karachi, Pak Datacom Limited informed Pakistan Stock Exchange that the dividend warrants in respect of final dividend @ Rs. 3 per share, i.e. 30% for the year ended June 30, 2016 have been dispatched by registered post or through courier service on November 24, 2016. Pak Datacom Ltd. is a subsidiary of Telecom Foundation, which has an equity share of 55%, whereas 45% investment in the company is made by general public and foreign investors. Established in November 1991, Telecom Foundation is a self-supporting entity with assets exceeding Rs.1 billion and an annual turnover of Rs.2 billion is the holding company of Pak Datacom Ltd. Pak Datacom Ltd. was incorporated as a private limited company in July 1992 and was subsequently converted into public limited company in June 1994. The testing of the network and related system started in April 1994 and commercial operations commenced in July 1994. The symbol “PAKD” is being used by the stock exchange for the shares of Pak Datacom Limited.