Extraordinary general meeting of Pak Datacom Limited to be held on December 21, 2016

Karachi, Pak Datacom Limited informed Pakistan Stock Exchange that extraordinary general meeting of the company is scheduled to be held on December 21, 2016 at Islamabad. The agenda of the meeting will be pass the resolution for substitution of Mr. Muhammad Asad Khan Kayani Director on the Board as nominee of Telecom Foundation and appoint Syed Abrar Hussain as new nominee director in his place. Further, the closed period of the company is from December 17, 2016 to December 21, 2016 (both days inclusive). Pak Datacom Ltd. is a subsidiary of Telecom Foundation, which has an equity share of 55%, whereas 45% investment in the company is made by general public and foreign investors. Established in November 1991, Telecom Foundation is a self-supporting entity with assets exceeding Rs.1 billion and an annual turnover of Rs.2 billion is the holding company of Pak Datacom Ltd. Pak Datacom Ltd. was incorporated as a private limited company in July 1992 and was subsequently converted into public limited company in June 1994. The testing of the network and related system started in April 1994 and commercial operations commenced in July 1994. The symbol “PAKD” is being used by the stock exchange for the shares of Pak Datacom Limited.