Board Meetings of Companies listed on the Karachi Stock Exchange.

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Company                       SCHEDULED ON      TIME      PLACE                        TO CONSIDER
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Pakistan Reinsurance          17.03.2004       11:00 am   PIC Towers               Annual Accounts
Co Ltd                        Wednesday                   Karachi               for the year ended
                                                                                    31.12.2003 and
                                                                                    declaration of
                                                                                   any entitlement
Business & Industrial Ins     20.03.2004       11:00 am   Pak Pavilion             Annual Accounts
                              Saturday                    Islamabad           for the period ended
                                                                                 December 31, 2003
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