Lahore: First Punjab Modaraba has announced a change in its board of directors following the resignation of Mr. Maqsood Ahmad. The company confirmed that Mr. Ahmad has ceased to be a director effective March 19, 2026. As of now, no new appointment has been made to fill the vacancy left by his departure.

The company, a participant in the designated market category of financial services, has communicated this development to the TRE Certificate Holders of the Exchange. According to information available from the Pakistan Stock Exchange (PSX), no further details have been provided regarding a successor or potential candidates for the position.

This announcement reflects a significant update in the company's leadership structure. The stakeholders are advised to stay informed about any forthcoming updates regarding the board's composition.