Saturday, November 26

Board Meeting in Progress of Pakistan Services Limited

Karachi, Pakistan Services Limited informed Pakistan Stock Exchange that a meeting of the Board of Directors of the Company scheduled to be held on September 29, 2021 at Islamabad to consider Audited Financial Statements of the Company for the year ended June 30, 2021 is in progress.

Pakistan Services Limited was incorporated on 06 December 1958 in Pakistan as a public limited company. The Company is principally engaged in the hotel business and owns and manages the chain of Pearl Continental Hotels. The Company also owns one small sized property in Lahore operating under the budget hotel concept. The Company also grants franchise to use its trade mark and name “Pearl Continental”.

The Company is listed on Pakistan Stock Exchange with a large number of shares that are 32,524,250. The Earnings per shares of the Company is (53.62) in 2020 which was (26.55) in 2019. The Company had a loss of Rs. 1,744,014,000 in 2020 which was (863,398,000) in 2019.