Board Meetings

Board Meetings of Companies listed on the Karachi Stock Exchange.

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Company                      SCHEDULED ON     TIME       PLACE                          TO CONSIDER

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Pioneer Cement Limited       06.07.2004      2:00 pm     Lahore                and to approve issue

                             Tuesday                                                of right shares

                                                                       to the existing shareholders

                                                                           to finance the expansion

                                                                           project from 2350 metric

                                                                           tons to 6350 metric tons

                                                                                 of clinker per day

                                                                                 AND to approve the

                                                                               terms and conditions

                                                                             of the re-profiling of

                                                                                all loans of former

                                                                       National Development Finance

                                                                      Corporation and National Bank

                                                                                  of Pakistan (NBP)

                                                                             finalised with NBP and

                                                                          with Saudi Pak Industrial

                                                                        and Agricultural Investment

                                                                                  Company (Pvt) Ltd

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