Karachi: Philip Morris (Pakistan) Limited conducted its Annual General Meeting on April 24, 2025, at the Pakistan Stock Exchange auditorium and via an online video link. During the meeting, shareholders approved several resolutions, including the adoption of the company's audited financial statements for the year ending December 31, 2024.

The AGM, held in accordance with Rule 5.6.9 (b) of the Rule Book of Pakistan Stock Exchange Limited, saw the formal approval and adoption of the audited financial statements, which were presented together with the notes annexed and the reports of the auditors and directors. Shareholders were informed of the resolutions, and the TRE Certificate Holders of the Exchange were duly notified as per the regulatory requirements.

In addition to the financial statements, shareholders re-appointed A.F. Ferguson & Co, Chartered Accountants, as the auditors for the financial year ending December 31, 2025. The auditors are set to hold office until the conclusion of the next Annual General Meeting. The audit fee will be determined in agreement with the Chief Financial Officer of the company.

According to information available from the Pakistan Stock Exchange (PSX), the meeting adhered to the necessary procedural and regulatory frameworks, ensuring transparency and compliance with the market's governance standards. The company, operating within the designated market category of the PSX, reaffirmed its commitment to maintaining rigorous financial standards and oversight.

The resolutions passed at the meeting reflect Philip Morris (Pakistan) Limited's ongoing dedication to strong corporate governance and financial accountability, with an emphasis on ensuring the integrity and accuracy of its financial reporting practices.