Karachi: Al-Zamin Modaraba Management Company (Private) Limited, the management entity behind Trust Modaraba, has appointed Mrs. Kauser Safdar as a Director on its Board. This appointment is intended to fill the casual vacancy caused by the resignation of Mr. Basheer A. Chowdry.

The company made this announcement in a report dated August 17, 2026, indicating a strategic move to ensure continued leadership and governance within the organization. Mrs. Safdar’s appointment is expected to bring stability to the Board as the company navigates its responsibilities as a management company in the modaraba sector.

According to information available from the Pakistan Stock Exchange (PSX), Trust Modaraba operates within the designated market category of modaraba management companies. This sector is crucial for the management and operation of modaraba funds, which follow Islamic financial principles.

The resignation of Mr. Chowdry led to this strategic appointment that aligns with the company's broader goals of maintaining effective board operations and ensuring that any disruptions are promptly addressed. Mrs. Safdar’s experience and expertise are anticipated to contribute positively to the company's objectives and market performance.