Board of directors meeting of First Paramount Modaraba

Karachi, First Paramount Modaraba informed Pakistan Stock Exchange that board of directors meeting of the company will be held on October 26, 2020 at Karachi. The agenda of the meeting will to consider the Quarterly Accounts for the period ended September 30, 2020.

Further, the company has declared the closed period from October 19, 2020 to October 26, 2020.

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.

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