Muhammad Shoaib of First Habib Modaraba was elected chairman and Murtaza Ahmed Ali of Allied Rental Modaraba, vice-chairman of Modaraba Association of Pakistan for the year 2008-09.
The 15th annual general meeting of the association also elected eight members to the executive committee, says a press release.
Addressing the meeting the new chairman highlighted the achievements of the association and said that with the approval of 12 new products the Modaraba sector got a level-playing field. |