Karachi: Pakistan Oilfields Limited held its 75th Annual General Meeting on October 19, 2026, where significant resolutions were passed concerning the company's financial statements, dividend distribution, and auditor appointment. The meeting was conducted with the participation of key shareholders and company officials.

At the meeting, the shareholders received and reviewed the audited Standalone and Consolidated Financial Statements, alongside the Directors' and Auditors' Reports for the fiscal year ending June 30, 2026. The documentation was circulated to the members via a QR code and a web link prior to the meeting. A motion proposed by Mr. Waheed Ahmad and seconded by Mr. Altaf Ahmed led to the unanimous resolution that these documents be considered as read.

Subsequently, the adoption of these financial statements and accompanying reports was discussed. Members were invited to seek clarifications before approval. On a motion proposed by Syed Shan-e-Raza and seconded by Mr. Fahad Rahman, the members unanimously adopted the financial statements and reports, marking a significant step in affirming the company's financial health.

The meeting also addressed the approval of dividends. The Directors recommended a final cash dividend of 725% (Rs. 72.50 per share) for the period ending June 30, 2026. This is in addition to an interim cash dividend of 275% (Rs. 27.50 per share) already disbursed, culminating in a total dividend of Rs. 100.00 per share (1000%) for the year. This resolution, proposed by Mr. Zulqarnain Ali Khan and seconded by Mr. Danish Ali, was also unanimously approved. According to information available from the Pakistan Stock Exchange (PSX), this dividend represents a very large or significant move, highlighting the company's robust performance and shareholder value.

Finally, the meeting concluded with the re-appointment of M/s A. F. Ferguson & Co., Chartered Accountants, as the company's auditors for the year ending June 30, 2027. The resolution was proposed by Mr. Malik Muhammad Arif and seconded by Mr. Shahid Ahmad Sharif, granting the Chief Executive the authority to determine the auditors' remuneration for the upcoming financial year.