Karachi: Pakistan National Shipping Corporation (PNSC) has announced it will hold its 46th Annual General Meeting (AGM) at Karachi on October 28, 2024. The meeting is set to discuss several key financial and operational matters following the corporation's directives.

The AGM will address the approval of the audited financial statements for the year ended June 30, 2024, encompassing both the corporation and its consolidated entities. These documents, along with the auditors' and directors' reports, are accessible for review via the PNSC website, using provided QR codes and links. According to information available from the Pakistan Stock Exchange (PSX), attendees will also ratify the minutes from the previous AGM held on October 26, 2023.

Further deliberations will include a proposal to distribute a cash dividend of Rs. 25 per share, which translates to a substantial 250% dividend payout. The corporation also plans to issue bonus shares at a ratio of 50 per 100 shares held, affirming its commitment to enhancing shareholder value. The appointment of joint auditors for the fiscal year 2024-25 is also on the agenda, with a mandate to set their remuneration.

This gathering will serve as a platform for additional corporate discussions under the chair's permission, ensuring that all procedural and financial aspects are transparently and thoroughly addressed.