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Appointment of Chairman and Chief Executive Officer of Century Paper and Board Mills Limited

Karachi, Century Paper and Board Mills Limited informed Pakistan Stock Exchange that Mr. Iqbal Ali Lakhani has been re-elected as Chairman and MR. Aftab Ahmad as Chief Executive Officer of the Company with effect from July 27, 2021.

Century Insurance Company Limited was incorporated in Pakistan in 1985 as a Public Limited Company. The Company is commenced general insurance business in 1989 and the Company has maintained continuous growth. It principally engaged in providing the traditional insurance covers such as Fire, Marine, Motor and Engineering insurance, and also provides expert risk management and advisory services.

The Company has quoted its shares i.e. 50,296,803. The Earning per shares of the Company are 4.82 in 2020 as compared to 2019 which was 2.89. Their Profit after Taxation is 242,602,000 in 2020 which was 145,196,000 in 2019.