Karachi: Hafiz Limited, a key player in the Pakistani corporate sector, has maintained strong compliance with national governance standards throughout the fiscal year ending June 30, 2024, despite prevailing economic and political turbulence. The company adhered to the stringent requirements of the Companies Act 2017 and the Listed Companies Code of Corporate Governance (CCG) Regulation 2019, ensuring effective management of its legal and governance frameworks.

Throughout the year, Hafiz Limited conducted several audit and HR Remuneration committee meetings, carried out annual and performance evaluations of its board, and engaged actively with management to assess and refine the company’s objectives and strategies. These measures have been critical in navigating the challenging economic landscape and positioning the company for sustained growth.

According to information available from the Pakistan Stock Exchange (PSX), the Board of Directors has played a pivotal role in fostering the company’s resilience and success. Their ongoing interactions with management have been integral to the company's adaptability and strategic alignment with established corporate governance principles.

As Hafiz Limited moves forward, the Board’s commitment to robust governance practices and strategic oversight is expected to continue guiding the company towards long-term viability and success. This steadfast focus on governance and strategy, underpinned by the support of the company’s management, employees, and shareholders, highlights Hafiz Limited’s dedication to maintaining high standards of corporate conduct and operational excellence.