Lahore: In a significant assembly on October 28, 2024, members of the Lahore Chamber of Commerce and Industry (LCCI) gathered both in-person and via digital link to ratify and adopt crucial financial directives for the upcoming year, ensuring robust governance and financial health moving forward.

During the annual general meeting, the shareholders unanimously approved the minutes from the previous year’s gathering, held on October 26, 2023. The adherence to the continuity in decisions reflects the organization's commitment to transparency and structured governance.

The assembly also passed the annual audited accounts for the fiscal year ended June 30, 2024. This included the endorsement of the Auditor’s Report, Director’s Report, and the Chairman’s review, which delineates the Chamber’s financial strategies and outcomes, evidencing a steady adherence to financial rigor and accountability.

A notable financial directive was the approval of a 12.5% cash dividend, translating to Rs. 1.25 per share, endorsed as per the recommendation of the Board of Directors during their September 18, 2024, meeting. This declaration highlights the Chamber’s continued profitability and its intention to reward its stakeholders robustly.

Furthermore, the AGM saw the appointment of M/S Crowe Hussain Chaudhary and Company as the Chamber’s auditors for the fiscal year ending June 30, 2025. This move is part of LCCI's strategic initiatives to maintain impeccable financial transparency and compliance practices.

Moreover, the Chief Executive of LCCI has been granted comprehensive authority to ensure the timely and efficient execution of the 12.5% final cash dividend to all entitled shareholders, underscoring the Chamber’s operational efficiency.

According to information available from the Pakistan Stock Exchange (PSX), these resolutions are pivotal in steering the Chamber towards sustained economic growth and ensuring it remains a cornerstone of industry leadership in Lahore.