Karachi: UBL Pakistan Enterprise Exchange Traded Fund announced a significant leadership change today. According to information available from the Pakistan Stock Exchange (PSX), the board convened on July 25, 2024, to address the resignation of Mr. Yasir Qadri as Chief Executive Officer.

Following Clause 5.6.1 (a) (xii) of the PSX Rulebook, the board accepted Mr. Qadri's resignation, effective from July 26, 2024. Subsequently, Mr. Asif Ali Qureshi was appointed as the new Chief Executive Officer, set to assume responsibilities from the departing CEO on the same day.

The transition is significant for the stakeholders, including the certificate holders of the exchange, who are expected to be formally informed about the change in leadership.