Chairman's Report

Bismilla-hir- rahmanir Rahim
Dear fellow shareholders
Assalamu Alaikum,

It is a statutory requirement to apprise you about the business performance of the company since Balance Sheet date to the present time. I take this opportunity to give you brief resume of the business turnover of the Company since balance sheet date.

The overall business performance of the company for the year 2020 is satisfactory. The performances during the first quarter of 2021 is also satisfactory allthough market is highly competitive and facing economic challenges due to internal and external factors. Different circulars issued from time to time by the newly created Regulatory body had created some restive situation in the market. It may be mentioned that there was no unusual claim during the period due to prudent and judicious underwriting.

It is expected that with the valued suggestions of the Board of Directors, the Shareholders, relentless efforts and dedicated services of the employees, the Company will be able to upgrade the position during the remaining period of the year. Prudent and Judicious financial management combined with stringent austerity measures by all concerned is also warranted to improve the profitability and viability of the company.

Thanking you

Mostafa Golam Quddus