Karachi: MACPAC Films Ltd, a prominent player in the packaging industry, has announced a significant change in its executive team. Mr. Muhammad Faisal Panawala has resigned from his position as the Chief Financial Officer (CFO) of the company, creating a notable shift in the leadership structure. This development was officially communicated by the company, indicating a transition in its financial management team.

Effective from January 16, 2025, Mr. Shahzaib Tariq will take over the responsibilities as the new CFO of MACPAC Films Ltd. The company has expressed confidence in Mr. Tariq's capabilities to steer the financial strategies and operations of the company, which is a key player in the designated market category of packaging solutions.

According to information available from the Pakistan Stock Exchange (PSX), this transition comes at a crucial time for MACPAC Films Ltd as it continues to navigate the challenges and opportunities within the competitive packaging industry. Shareholders and stakeholders have been notified of this change, ensuring transparency and continued confidence in the company's governance.

The company has encouraged the TRE Certificate Holders of the Exchange to update their records accordingly, reflecting the new appointment in their systems. This strategic move is expected to bring fresh perspectives and enhance the financial robustness of MACPAC Films Ltd as it moves forward into the new year.