Islamabad: Pakistan Petroleum Limited announced the resignation of Mr. Hassan Mehmood Yousafzai from the company’s board of directors. The resignation is in accordance with clause 5.6.1 (a) of the Pakistan Stock Exchange (PSX) Rulebook, as stated in a formal communication released by the company.

Mr. Yousafzai, who served as the Additional Secretary (Policy) in the Ministry of Energy’s Petroleum Division, was a key figure in the oversight of Pakistan Petroleum Limited’s policy direction. His resignation was officially communicated to the company, citing the stipulated regulatory compliance.

According to information available from the Pakistan Stock Exchange (PSX), Mr. Yousafzai's departure marks a notable change in the leadership structure of Pakistan Petroleum Limited. The company, categorized under the designated market category of energy, is expected to announce further updates regarding the vacated directorial position in due course.

The resignation took effect on the date communicated by Mr. Yousafzai, with no further details provided regarding the reasons behind his decision or succession plans. The company did not disclose any immediate plans for appointing a new director to fill the vacancy left by Mr. Yousafzai.