Baluchistan Wheels Limited’s abstract under section 218(2) of the companies ordinance, 1984

Karachi, June 21, 2013 (PPI-OT): In the 116th Board Meeting held on 14th June, 2013 at 10:30 a.m. following were appointed as Chief Executive/ Executive Directors

Mr. Razak H. M. Bengali, Managing Director/ Chief Executive
Mr. Muhammad Siddique Misri, Executive Director
Mr. Muhammad Irfan Ghani, Executive Director

Their revised salaries with effect from July 01, 2013 as reviewed, approved and recommended by the Members Board Human Resource and Remuneration Committee is as follows:

Remuneration of Executive Directors


                                                      (Per Month)
                                            Basic     House    Utility    Total
                                            (Rs)      Rent      (Rs)      (Rs)
                                                      (Rs)

Mr. Razak H. M. Bengali
Managing Director/
Chief Executive                           334,520    150,534   40,000    525,054

Mr. Muhammad Siddique Misri
Director Marketing/
Business Development                      318,555    143,350   28,000    489,905

Mr. Muhammad Irfan Ghani
Chief Operating Officer                   318,555    143,350   40,000    501,905

There after the above has been approved by the Board.

Besides this, they are also entitled to other normal perks and benefits admissible as per rules and approvals from time to time.

For more information, contact:
Irfan Ahmed Qureshi
Company Secretary
Baluchistan Wheels Limited
First Floor, State Life Building No. 3,
Dr. Ziauddin Ahmed Road,
Karachi – 75530 (Pakistan)
Ph: 35689259, 35687502, 35683474
Fax: 92-21-35684003
E-mail: bwlfin@cyber.net.pk
Web: www.bwheels.com

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