ANNUAL REPORT

31 DEC 2022

CONTENTS

P.2

P.3

P.4

Coperate Profile

Our Vission and Our Mission

Jama Punji

P.5

P.6 - 7

P.8

Six Years at a Glance

Chairman's Review

Directors' Report

Chairman's Review (Urdu)

P.14

P.20

P.23

Directors' Report (Urdu)

Statement of Compliance

Review Report on Statement

with the Code of Corporate

of Compliance with the Code

Governance

of Corporate Governance

P.25

P.26

P.27

Notice of Book Closure &

Pattern of Certificate Holders

Categories of Certificate

Annual Review Meeting

Holders

FINANCIAL REPORT

P.30

P.32

P.33

Auditors' Report

Annual Shari'ah Advisor's

Balance Sheet

Report

P.34

P.35

P.36

Profit & Loss and Account

Statement of Comprehansive

Cash Flow Statement

Income

P.37

P.38

Statement of Changes in

Notes to the Unconsolidated

Equity

Financial Statements

CONSOLIDATED FINANCIAL REPORT

P.78

P.80

P.81

Auditors' Report

Balance Sheet

Profit & Loss and Account

P.82

P.83

P.84

Statement of Comprehansive

Cash Flow Statement

Statement of Changes in

Income

Equity

P.85

Notes to the Consolidated

Financial Statements

Annual Report 2022

1

CORPORATE

PROFILE

Board of Directors

Punjab Modaraba Services (Pvt.) Ltd.

Nadeem Amir

Chairman

Aamir Malik

Chief Executive

Ijaz ur Rehman Qureshi

Director

Umer Iqbal Sheikh

Director

Imran Bashir

Director

Samina Afsar

Director

Khawar Shahid Ansari

Director

Chief Financial Officer

Syed Asad Raza

Company Secretary

Mudassar Kaiser Pal

Audit Committee

Imran Bashir

Chairman

Ijaz ur Rehman Qureshi

Member

Samina Afsar

Member

Human Resource Committee

Samina Afsar

Chairperson

Ijaz ur Rehman Qureshi

Member

Umer Iqbal Sheikh

Member

Imran Bashir

Member

Aamir Malik

Member

Board Risk Management Committee

Ijaz ur Rehman Qureshi

Chairman

Umer Iqbal Sheikh

Member

Aamir Malik

Member

Auditors of the Modaraba

A.F. Ferguson & Co. Chartered Accountants

Auditors of the Management Company

Shinewing Hameed Chaudhry & Co. Chartered Accountants

Bankers

The Bank of Punjab

NRSP Microfinance Bank Limited

Registrar

Hameed Majeed Associates (Pvt.) Ltd.

H.M House, 7-Bank Square,

The Mall, Lahore

Tel : (+92-42)37235081-2

Registered Office

Office # 100, 3rd Floor, National Tower, 28-Egerton Road, Lahore.

Postal Code No. 54600

PABX : (+92-42) 36365191

FAX : (+92-42) 36365193

E-mail : info@punjabmodaraba.com.pk

URL : www.punjabmodraba.com.pk

2

First Punjab Modaraba

Our Vision

Connect the Community to

Islamic Mode of Financing

Our Mission

We h ave committed t o progressively enhance fully r e- searched i slamic F inancing Products and shall continue

to m eet our c urtomers needs

Annual Report 2022 3

4

First Punjab Modaraba

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First Punjab Modaraba published this content on 03 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2023 10:40:23 UTC.