Karachi: Paramount Spinning Mills Limited has announced the unopposed election of its board members for a new term, following an extraordinary general meeting held on July 18, 2025. The board members, elected for a three-year term, include Air Sohail Maqsood, Mr. Muhammad Akhtar Mirza, Mr. Muhammad Ashraf Khan, Mr. Muhammad Arif, Mrs. Zarqa Asif, Mr. Abid Sattar, and Mr. Muhammad Junaid.

According to information available from the Pakistan Stock Exchange (PSX), the election was conducted under section 159(4) of the Companies Act-2017. The unopposed election reflects a seamless board transition as the company prepares for its next phase of operations in the textile manufacturing sector.

The designated market category for Paramount Spinning Mills Limited is textiles, a critical sector in Pakistan's economy. The newly elected board members are expected to guide the company through its ongoing and upcoming projects, ensuring operational efficiency and strategic growth.

The election results, as stated, will take effect from July 18, 2025, marking the commencement of the new term for the board members.