Karachi: Shareholders of The United Insurance Company of Pakistan Limited convened for the 65th Annual General Meeting on April 25, 2025, at Karachi, where several resolutions were passed, marking significant corporate governance decisions for the coming year. The meeting adhered to regulations set by the Pakistan Stock Exchange (PSX) under the designated market category.

The first resolution on the agenda involved the confirmation of the minutes from the 64th Annual General Meeting, which took place on April 29, 2024. The shareholders resolved to confirm these minutes, ensuring that the records of past decisions remain accurate and accountable.

The second agenda item focused on the adoption of the company’s annual audited accounts for the fiscal year ending December 31, 2024. The comprehensive accounts included both Conventional and Window Takaful Operations, accompanied by the Directors' and Auditors' Reports, as well as the Chairman's Review Report. Shareholders approved and adopted these financial documents, reflecting their consent to the company’s financial performance and disclosures.

A significant decision taken during the meeting was the re-appointment of the company’s Statutory Auditors. RSM Avais Hyder Liaquat Nauman, Chartered Accountants, who were retiring at this meeting, were deemed eligible and expressed willingness to continue their role. The shareholders resolved to re-appoint them as External Auditors for the fiscal year ending December 31, 2025. The fees and remuneration for the auditors will be determined by the Board of Directors.

According to information available from the Pakistan Stock Exchange (PSX), these resolutions are part of the standard corporate governance practices required for companies listed on the exchange. This ensures transparency and accountability in financial reporting and auditing processes.

The resolutions passed during this AGM underscore The United Insurance Company of Pakistan Limited’s commitment to maintaining robust corporate governance and financial integrity as it progresses into the next fiscal year.