Karachi, In compliance with Pakistan Stock Exchange Limited (PSX) Regulation 5.6.9 (b), PICIC Insurance Limited has announced the adoption of several key resolutions during their Annual General Meeting (AGM) held today. The meeting, attended by shareholders, resulted in the confirmation and approval of multiple corporate actions.
The minutes of the previous AGM, which took place on April 28, 2023, were confirmed and officially approved. Additionally, the financial statements for the fiscal year ending December 31, 2023, including the Chairman's review and the reports from the Directors and Auditors, were adopted.
Further, the shareholders approved the appointment of M/s. Naveed Zafar Ashfaq Jaffery & Co. as the statutory auditors for the year 2024. The remuneration for the auditors has been proposed by the CEO and approved by the Board.