Karachi: Pakistan Stock Exchange Ltd (PSX) recently announced key resolutions following its Annual General Meeting. The company has officially approved the audited financial statements for the fiscal year ending on September 30, 2024. This approval also encompasses the Chairman's review and both the directors' and auditors' reports, providing a comprehensive overview of the company's financial health and performance over the past year.
In a significant move for its financial governance, Pakistan Stock Exchange Ltd has also appointed a new auditing firm. M/s. Rahman Sarfaraz Rahim Iqbal Rafiq - Chartered Accountant has been selected to serve as the auditors for the company. They will hold this position until the conclusion of the next Annual General Meeting, with their annual remuneration determined by the company's directors.
According to information available from the Pakistan Stock Exchange (PSX), these decisions are part of the company's ongoing efforts to maintain transparency and rigorous financial oversight. The resolutions underline the PSX's commitment to upholding strong corporate governance practices, which are crucial for its operations within the designated financial market category.
The appointment of the new auditors and the approval of the financial statements reflect the PSX's strategic focus on ensuring thorough financial auditing and reporting, fostering confidence among stakeholders and investors.