Islamabad: Pakistan Tobacco Company Limited has disclosed the attendance records for its board and committee meetings held throughout 2024. The year saw a series of strategic gatherings, focusing on corporate governance and operational oversight, as the company navigated its fiscal responsibilities.

The Board of Directors convened seven times during the year on February 28, April 24, June 21, August 07, September 11, October 24, and December 09. Notable attendees included Mr. Zafar Mahmood, Chairman, and Syed Ali Akbar, Managing Director and CEO, both of whom maintained perfect attendance. Other key executives, such as Syed Muhammad Ali Abrar, Director of Finance and IT, also participated in all meetings. Attendance from non-executive directors varied, with Wael Sabra and Usman Zahur attending four and three meetings respectively, the latter having resigned on October 16, 2024.

The Audit Committee, tasked with financial oversight, held four meetings in 2024, with consistent participation from its chairman, Mohammad Riaz, and independent director Lt. Gen. Najib Ullah Khan (Retired). The Human Resources and Remuneration Committee met once on October 24, with full attendance from all members, including its chairman, Lt. Gen. Najib Ullah Khan (Retired).

According to information available from the Pakistan Stock Exchange (PSX), Pakistan Tobacco Company Limited is categorized under the designated market category. This emphasizes the company’s financial and operational transparency in the public domain.

The Shares Transfer Committee had five meetings, though specific attendance details were not disclosed. In terms of subcommittees of the Executive Committee, the Commercial Committee was notably active with twelve meetings. Syed Asad Ali Shah and Syed Muhammad Ali Abrar were present for all gatherings, while Syed Ali Akbar and others maintained high attendance.

The Governance Committee met eleven times, with Syed Muhammad Ali Abrar attending every session. Meanwhile, the ESG Committee, focusing on environmental, social, and governance issues, held four meetings. Attendance was robust, reflecting the company’s commitment to sustainable practices.

Overall, the attendance records indicate active participation from key executives and directors in steering the company’s strategic and operational directions throughout 2024.