Karachi: Pak-Gulf Leasing Company Limited held its 31st Annual General Meeting on October 24, 2024, during which members passed several key resolutions related to the company's financial and operational procedures. The meeting, crucial for the company’s governance, included approval of previous minutes, adoption of financial statements, and appointment of auditors for the next fiscal year.

The participants first confirmed the minutes from the 30th Annual General Meeting, which took place on October 26, 2023. In the ordinary business agenda, the meeting resolved, "Resolved that the Minutes of the 30th Annual General Meeting held on October 26, 2023 are hereby read and confirmed."

Following this, members focused on the financial health of the company. They received, considered, and adopted the audited financial statements for the year ending June 30, 2024. The resolution stated, "Resolved that the Annual Audited Financial Statements of the Company for the year ended June 30, 2024 together with the Chairman's Review Report, Directors' Report and the Independent Auditors Report laid before the shareholders are hereby approved and adopted."

According to information available from the Pakistan Stock Exchange (PSX), the meeting also included the critical decision of appointing auditors for the upcoming fiscal year. Upon the retirement of the current auditors, M/S BDO Ebrahim and Co, Chartered Accountants, the company approved their reappointment for the year ending June 30, 2025, citing their eligibility and consent. The resolution stated, "Resolved that upon the retirement of M/S BDO Ebrahim and Co, Chartered Accountants, Independent Auditors of the Company, they being eligible and having consented to their appointment, are hereby appointed as Independent Auditors of the Company for the year ending June 30, 2025."

Additionally, the Chief Executive Officer was authorized to determine the remuneration for the auditors. The decision underscored the company's commitment to maintaining financial transparency and accountability.