JS Ltd approves budget for 2019, appoints Najmul Hoda as CFO

MG News | January 02, 2019 at 03:26 PM GMT+05:00

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January 2, 2019 (MLN): The Board of Directors of Jehangir Siddiqui & Co. Limited (JSCL) in their meeting held on January 02, 2019, has approved the budget for the year ending December 31, 2019.

The company has also approved long term loan of up to Rs. 500 million for a period of five years to Energy Infrastructure Holding (Pvt) Limited, a wholly owned subsidiary of the company, the Company Secretary Hasan Shahid informed via notification issued to PSX.

In another notification, the company announced that Mr. Hasan Shahid has ceased to be the Chief Financial Officer of the Company with effect from January 02, 2019, and Mr. Najmul Hoda Khan has been appointed as the new Chief Financial Officer.

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