Lahore: At its 60th Annual General Meeting held on May 22, 2025, Sui Northern Gas Pipelines Limited (SNGPL) made several key resolutions, including the confirmation of previous meeting minutes and approval of financial statements.

The shareholders confirmed the minutes of the last Annual General Meeting held on August 21, 2024. The meeting also focused on the financial health of the company. The shareholders received, considered, and adopted the annual audited accounts for the fiscal year ending June 30, 2024. This included approval of the statement of financial position, profit or loss account, and other financial statements, along with the Chairman's review and Directors' report.

A significant decision made during the meeting was the approval of a final cash dividend at the rate of 75%, equivalent to Rs. 7.50 per share of Rs. 10 each. This dividend is payable to shareholders whose names appear in the Register of Members at the close of business on May 14, 2025.

In addition, M/s. A. F. Ferguson & Co., Chartered Accountants, was appointed as the external auditor for the fiscal year ending June 30, 2025. Their remuneration was fixed at Rs. 26.25 million, in addition to actual out-of-pocket expenses. The auditors will conduct their audit in accordance with International Standards on Auditing applicable in Pakistan, which includes examining internal controls related to financial and operational reporting processes.

According to information available from the Pakistan Stock Exchange (PSX), these resolutions align with the company's commitment to maintaining transparent financial practices and ensuring shareholder value.

The meeting concluded with gratitude from the Chairman, as there was no additional ordinary business to address. The resolutions and decisions are to be communicated to the TRE Certificate Holders of the Exchange.