National Bank of Pakistan Announces Details for 75th AGM Voting Procedures

Karachi, In accordance with the Companies (Postal Ballot) Regulations, 2018, as amended, the National Bank of Pakistan (NBP) has published the ballot paper for voting through post. This step is ahead of its 75th Annual General Meeting (AGM) scheduled to take place on Thursday, March 28, 2024, both physically and through electronic means. The bank aims to facilitate shareholder participation in critical decision-making processes, emphasizing transparency and accessibility.

The notice for the upcoming AGM and voting procedures was initially announced in newspapers on March 7, 2024. The NBP has outlined the mechanisms for voting on Special Agenda Items 04, 05, and 06, which are crucial for the bank’s future operations and governance. Detailed information about the voting process, including timelines and the ballot paper, is available on the bank’s official website (www.nbp.com.pk) and was annexed with the advertisement for broader accessibility.

Shareholders are encouraged to express their vote on significant resolutions such as the renewal with amendments of the Board’s Remuneration Policy, the approval for the transmission of Annual Audited Accounts via a QR-enabled Code and web link, and authorizing Mr. Rehmat Ali Hasnie, President/CEO of NBP, to sign necessary documents for the closure of NBP’s overseas branches in Kyrgyz Republic, Azerbaijan, and the subsidiary bank in Almaty. These steps reflect NBP’s commitment to modernize and streamline its operations while ensuring compliance with regulatory requirements.

Votes can be cast by sending the duly filled-in ballot paper to the designated email address of the Chairman (agm@nbp.com.pk) or the physical address provided. Shareholders are reminded of the importance of including a copy of their CNIC with their ballot form and ensuring that their forms reach the Chairman by March 27, 2024, 05:00 p.m. to be considered valid for the AGM.