Karachi: Askari Life Assurance Company Limited has announced the resignation of Mr. Javed Yunus from its board of directors. The company disclosed this development in a recent communication with the Pakistan Stock Exchange (PSX).

According to the official notice received on September 25, 2024, Mr. Yunus has stepped down from his role, prompting the company to initiate the process of finding a suitable replacement. The details surrounding the reasons for the resignation have not been disclosed. Askari Life Assurance has committed to keeping the market updated on any further developments regarding this change in their board's composition.

According to information available from the Pakistan Stock Exchange (PSX), this announcement is expected to be communicated to all TRE Certificate holders of the Exchange. Askari Life Assurance is listed under the designated market category of non-bank financial services, indicating the significant impact this board change might have on the company's governance and strategic direction.