Extraordinary general meeting of First Paramount Modaraba to be held on April 20, 2016

Karachi, First Paramount Modaraba informed Pakistan Stock Exchange that extraordinary general meeting of the company is scheduled to be held on April 20, 2016 at Karachi.

The agenda of the meeting will be confirming the minutes of annual general meeting held on October 30, 2015 and to consider and approve the amendments in the prospectus of First Paramount Modaraba.

Further, the closed period of the company is from April 14, 2016 to April 20, 2016 (both days inclusive).

First Paramount Modaraba is a multi-purpose, perpetual and multi-dimensional Modaraba floated under the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980 and the rules framed there under. It is managed by Paramount Investments Limited, a company incorporated in Pakistan. Modaraba’s principal activities includes deployment of funds on murabaha and musharika arrangements and its In-house ventures are Generator rental and sale project under the name “Advance Trading Corporation”, Weaving business under the name of “FPM Weaving” and Electrical maintenance and troubleshooting services’ business under the name of “FPM Solutions”. The stocks of the company are quoted on the Karachi and Islamabad Stock Exchanges of Pakistan. The registered office of the company is located in Karachi.

The symbol “FPRM” is being used by the stock exchange for the shares of First Paramount Modaraba.