Board meeting of Pakistan International Bulk Terminal Limited to be held on November 26, 2015

Karachi: Pakistan International Bulk Terminal Limited informed Karachi Stock Exchange that board of directors meeting of the company will be held on November 26, 2015 at Karachi. The agenda of the meeting is to consider the Right Shares Allotment Accounts for period ended Nil for declaration of any entitlement.

Further, the Company has declared the closed period from November 24, 2015 to November 26, 2015.

Pakistan International Bulk Terminal Limited was incorporated under the Companies Ordinance, 1984 on March 22, 2010 as a private limited company. On July 11, 2011, the company was converted as an unquoted public company limited. It is in a start up phase and has its registered office located in Karachi.

The company has entered into a build operate transfer contract with the Port Qasim Authority on November 8, 2010 for the exclusive construction, development, operations and management of a coal and clinker/ cement terminals for a period of thirty years.

The services of the company include providing dirty cargo terminal in Pakistan with mechanized handling of cargo.

The symbol “PIBTL” is being used by the stock exchanges for the shares of Pakistan International Bulk Terminal Limited.