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Statement of Ethics and Business Practices
 
Adopted By The Board Of Directors Of The Company In Their Meeting Held On February 20, 2003 In Compliance With The Clause Viii(A) Of The Code Of Corporate Governance Inserted In The Listing Regulations Of All The Stock Exchanges Of Pakistan.
 
At PSL, we are committed to provide our guests with best quality product and services that meets their requirements and specifications, which consistently offer value in terms of price and quality. The Company’s policy is to conduct business with honesty and integrity and be ethical in all its dealing, showing respect for the interest of those with whom it has relationship.

The following specific guidelines are prescribed for PSL family:
 
Observance to Laws of the Country:
The Company complies with all statutory requirements of the government agencies and believes in following all applicable laws including Labour, Corporate, and Environmental Protection etc. prevailing in the country. All employees are expected to familiarize themselves with laws and regulations governing their individual areas of responsibility, and not to transgress them.
 
Conflict of Interest:
 The activities and involvements of the directors and employees of the company do not conflict with the interest of the company. All acts and decisions of the management are motivated by the interest of the company rather than their own.
 
Contributions:
No funds or assets of the Company should be contributed directly or indirectly, to any political party or organization or to any individual who either holds public office or is a candidate for public office.
 
Financial Reporting and Internal Controls:
The company believes in and fully adheres to the principles of reliability and credibility in its financial reporting and transparency in its business dealings.
 
Quality of Product:
We are committed to dynamic growth and service excellence built upon our heritage of traditional hospitality. We strive to consistently meet and surpass guests’, employees’ and other stakeholders’ expectations. We feel pride in making efforts to position Pakistan in the forefront of the international arena.
   
* We continuously update ourselves with the changing needs of our guests and the business environment around.
* We ensure that every department is fully involved in implementing quality service and is following it.
* We take corrective measures wherever and whenever necessary to control the quality of service.
* We use those items that are most suitable for producing a high quality service.
 
Marketing:
* We market our service in a most ethical and professional manner by keeping the integrity of the company in mind.
* We continuously try to introduce new products and explore new markets to enhance our guests/ customer base.
 
Purchase and Payment:
 We purchase materials that exactly meet our requirements and specifications and are priced appropriately. We gauge the market conditions and obtain quotations from various sources before finalizing our decisions.
 
Employees:
* The Company is an equal opportunity employer. Its employees recruitment and promotional policies are free of any gender bias, are merit and excellence oriented.
* We recognize and reward employees for their qualification, intellectual skills and specialized knowledge.
 
Health and Safety:
Every staff member should take reasonable care to ensure the health and safety of him / her or others who may be affected by his/her act or omissions at work. Staff members should not temper or misuse any item provided by the Company to secure the safety, health and welfare of its staff and for the protection of the environment.
 
Environment:
To preserve and protect the environment, all PSL staff members should:
   
* Promote resource conservation, waste minimization of the release of chemical / gas into the environment;
* Provide employees, customers, suppliers, public authorities and communities with appropriate information for informed decision-making and
* Strive continuously to improve environmental awareness and protection.
 
 

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