2022-05-17: Cont-Emphasis of Matter

ASIAPACINS(cont): unrealized loss arising from the changes in fair value of the investment in shares amounting BDT 31,195,432 and BDT 45,499,827 respectively. The company has maintained a Gratuity Fund for the employees in line with Bangladesh Labour Act 2006. It has yet to receive the approval of the fund from National Board of Revenue (NBR) under First Schedule Part-C Income Tax Ordinance 1984. The company is yet to institute Workers' Profit Participation Fund (WPPF). Such non-establishment contravenes with section 232 & 234 of Bangladesh Labour Act 2006.''(end)