Board of directors meeting of First Punjab Modaraba

Board Meetings Company News English

Karachi, First Punjab Modaraba informed Pakistan Stock Exchange that board of directors meeting of the company will be held on October 20, 2021 at Lahore. The agenda of the meeting will to consider the Annual Accounts for the period ended September 30, 2021.

Further, the company has declared the closed period from October 12, 2021 to October 20, 2021.

FPM was established on July 14, 1992 under Modaraba Companies and Modaraba (Floatation and Control). The Modaraba is a perpetual and multi-dimensional Modaraba and is primarily engaged in the business of Musharikah Financing, Ijarah Financing and other related business in accordance with the injunctions of Islam.

The total number of shares are 34,020,000. The Earnings per share is (1.63) in 2020 which was 0.18 in 2019. The Profit after Taxation of the Company is (55,311,000) in 2020 which was 6,225,000 in 2019.