| 1 |
Board meeting of Azgard9 group took place on April 28, 2007, in which board of directors have approved following agenda items.
Approval of accounts for the year ended
December 31, 2006.
Announcement of 11% cash dividend to the shareholders.
Approval of merger of Azgard9 with PAFL.
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| 2 |
Azgard9 Annual General Meeting to be held on June 28, 2007
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| 3 |
Currently company is working on international bond. We have completed different steps relating to bone issue. International rating agencies have visited the Azgard9 head office and sites and obtained relevant information required for rating process.
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| 4 |
First time in the history of PAFL, we have opened DAP LC of approximately Rs. 800 Million. We are expecting to receive DAP by the end of first week of June. Company is pretty hopeful of selling the imported DAP maximum within 1 month.
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