Karachi: The Board of Directors of Askari Life Assurance Company Limited has announced the re-appointment of Mr. Jehanzeb Zafar as the Chief Executive, effective March 21, 2025. The re-appointment is pending approval from the Securities & Exchange Commission of Pakistan.

The decision was communicated to the TRE Certificate Holders of the Exchange, as per the company’s official statement. This move is aimed at ensuring continuity in leadership at Askari Life Assurance, which operates within the insurance sector of Pakistan’s financial industry.

According to information available from the Pakistan Stock Exchange (PSX), Askari Life Assurance Company is a key player in the life insurance market, providing a range of insurance products and services to its clients. The re-appointment of Mr. Zafar is seen as a strategic step to maintain the company’s growth trajectory and market position.

The company’s announcement did not provide further details on the terms of Mr. Zafar’s re-appointment or any strategic changes expected under his leadership. However, the confirmation from the Securities & Exchange Commission of Pakistan will be integral for the formalization of this leadership role.