Karachi: This is to inform you that there occurred a printing mistake in our Annual Report 2011. Although information about approval of related party transactions was disclosed at page # 17 in the Directors Report in the Statement of Directors Responsibilities, however in page # 31 of Annual Report, following point was missed in the printed Statement of Compliance with the Code of Corporate Governance:
“All related party transactions entered during the year were on arm’s length basis and these have been placed before the Audit Committee and Board of Directors. These transactions are duly reviewed and approved by the Audit Committee and Board of Directors along with pricing method.”
This was a printing error and accounts after making the necessary change have been updated on our website and the shareholders will be updated before the start of the AGM.
I hope this will be accepted.
For more information, contact:
Askari General Insurance Company Limited
4th Floor, AWT Plaza,
The Mall Rawalpindi, Pakistan
P.O. Box 843,
Fax: (92-51) 9272424