Lahore: The Pakistan Credit Rating Agency Limited (PACRA) has announced the resignation of Mr. Sardar Ali from its Board of Directors, where he served as a non-executive director. His departure from the board took effect on June 30, 2025. The agency has indicated that the resulting casual vacancy will be addressed in due time by the board.

In accordance with regulatory practices, the agency has communicated this development to the TRE Certificate Holders of the Exchange. According to information available from the Pakistan Stock Exchange (PSX), this announcement falls under the designated market category.

Mr. Sardar Ali’s tenure and contributions as a non-executive director have not been detailed, nor has a timeline been provided for when a successor might be appointed. However, it is expected that the board will act to ensure continuity in governance.

The Pakistan Credit Rating Agency Limited continues to operate within its regulatory framework, maintaining transparency in its board operations and ensuring compliance with its obligations to the Pakistan Stock Exchange.