BOARD MEETINGS

Board Meetings of Companies listed on the Karachi Stock Exchange.

===============================================================

Name of Company                    Date                    Time

===============================================================

Quality Textile Mills           17.01.2004             04:30 pm

Natover Lease & Refinance       17.01.2004             11:00 am

Fauji Cement                    19.01.2004             10:00 am

Valika Art Fabrics              19.01.2004             11:00 am

Sitara Chemical Industries      20.01.2004             04:00 pm

First Al-Noor Modaraba          19.01.2004             11:00 am

Sitara Energy                   20.01.2004             03:00 pm

First Mehran Modaraba           20.01.2004             09:30 am

Association Industries          20.01.2004             11:00 am

Babri Coton Mills               21.01.2004             01:30 pm

Honda Atlas Cars (Pak)          21.01.2004             11:00 am

Otsuka Pakistan                 21.01.2004             10:00 am

Century Paper & Board           21.01.2004             10:30 am

Pangrio Sugar Mills             22.01.2004           12:00 Noon

Mirza Sugar Mills               22.01.2004             02:30 pm

First Equity Modaraba           22.01.2004             04:00 pm

Diamond Industries              22.01.2004             10:00 am

Shaffi Chemical Industries      22.01.2004             11:00 am

First Constellation Modaraba    22.01.2004             09:30 am

Sindh Abadgar's Sugar           22.01.2004             02:30 pm

Pakistan Hotels Developers      23.01.2004             10:00 am

Pakistan Paper Products         24.01.2004             11:00 am

Packages Limited                24.01.2004             11:30 am

International Industries        26.01.2004             11:00 am

Husein Industries               26.01.2004             11:00 am

Shell Pakistan                  26.01.2004             10:30 am

Bilal Fibres                    27.01.2004             10:00 am

Siemens Pakistan Engineering    28.01.2004             10:00 am

Unilever Pakistan               28.01.2004             02:30 pm

Shell Gas LPG (Pak)             29.01.2004             10:30 am

Tri-Pack Films                  29.01.2004             11:30 am

Crescent Leasing Corp           10.02.2004             03:00 pm

National Refinery               12.02.2004             10:30 am

===============================================================