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Karachi, Paramount Investments Limited, the management company overseeing First Paramount Modaraba, has announced an upcoming meeting of its Board of Directors. This crucial meeting is scheduled for October 3, 2023, and will take place via the Zoom video conferencing platform, as well as in person in Karachi.
The primary agenda for this significant gathering revolves around the consideration and approval of the audited Financial Statements of First Paramount Modaraba for the fiscal year ending on June 30, 2023. This important financial review aims to ensure transparency and accuracy in reporting the Modaraba’s financial performance.
In accordance with clause 5.6.1(d) of the rule book of PSX Regulations, it has been declared that the period from September 26, 2023, to October 3, 2023, both days inclusive, shall be designated as the “closed period.” During this duration, trading of First Paramount Modaraba certificates by Directors, the Chief Executive Officer, or executives of the Modaraba is prohibited.
The meeting will also entertain any other business that may be presented with the permission of the Chair. This gathering is expected to play a pivotal role in ensuring the Modaraba’s financial compliance and performance transparency.
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