Karachi: Wafi Energy Pakistan Limited announced a significant decision from its recent Extraordinary General Meeting (EOGM), held on June 11, 2026, both physically at the Moyenpick Hotel, Karachi, and via a video-link facility. The resolution passed during this meeting authorizes the company's Executive Directors, who are full-time working directors, to continue holding their positions of profit as executives within the organization.

According to information available from the Pakistan Stock Exchange (PSX), the resolution pertains to the Executive Directors and Alternate Directors of Wafi Energy Pakistan Limited. They are now officially permitted to hold their respective offices of profit under their current contracts of service. Additionally, they are entitled to enjoy benefits as outlined in their contracts and the company's applicable service rules.

The resolution further stipulates that should any of these executive positions become vacant, the approval extends to any individuals appointed to fill such vacancies, ensuring continuity in the company's leadership and operations. This decision was made in compliance with Regulation No. 5.6.9(b) of the Pakistan Stock Exchange Regulations.

This development is expected to strengthen the executive management structure of Wafi Energy Pakistan Limited, as it reinforces the company’s commitment to maintaining stable leadership amid changing market conditions in the energy sector.