The shareholders of Pakistan Premier Fund Limited (PPFL) in their meeting held here approved the conversion of the fund into an open-end fund, subject to approval by the Securities and Exchange Commission of Pakistan (SECP) and fulfilment of all legal and regulatory formalities.
According to a press release issued here said that the special resolutions for the above purpose were passed unanimously by the shareholders, present in person or as proxies, in the meeting who were entitled to vote thereat.-PR