Karachi: In a significant development, Pakistan International Bulk Terminal Limited held its 16th Annual General Meeting on October 22, 2025. During the meeting, shareholders approved the company's audited financial statements for the fiscal year ending June 30, 2025. These statements, along with the Directors' and Auditor's Reports and the Chairman's Review Report, were presented and received unanimous approval from the members.

Furthermore, M/s Yousuf Adil, Chartered Accountants, were appointed as the company's auditors. They will serve until the conclusion of the next Annual General Meeting, with their remuneration to be determined by the Board of Directors. This appointment is set to ensure continuity in the company's financial oversight.

Additionally, the election process for the company's Board of Directors concluded seamlessly. As per the earlier announcement, the number of candidates equaled the number of available directorship positions as determined by Section 159(1) of the Companies Act, 2017. Consequently, seven individuals were deemed elected for the forthcoming three-year term starting October 25, 2025. The newly elected directors are Capt. Haleem Ahmed Siddiqui, Mr. Sharique Azim Siddiqui, Capt. Zafar Iqbal Awan, Syed Nadir Shah, Mr. Muhammad Masood Ahmed Usmani, Ms. Farah Agha, and Mr. Arsalan Iftikhar Khan.

According to information available from the Pakistan Stock Exchange (PSX), Pakistan International Bulk Terminal Limited operates in a sector that is crucial for the country's economic infrastructure. The decisions taken during the Annual General Meeting are anticipated to have a substantial impact on the company's strategic direction and operational efficiency in the coming years.