Karachi: Mughal Energy Limited has announced the appointment of Mr. Syed Qaim Ali as the new Head of Internal Audit, effective September 11, 2026. This update comes in compliance with Regulation No. 5.6.1 (a)(xii) of the Rule Book of Pakistan Stock Exchange Limited.

According to information available from the Pakistan Stock Exchange (PSX), the announcement is intended to keep the TRE Certificate Holders of the Exchange informed. The designation of Mr. Ali marks a strategic move by Mughal Energy Limited to enhance its internal audit framework and ensure compliance with regulatory standards.

The company's decision reflects its commitment to maintaining robust governance practices and transparency in its operations. The appointment is expected to strengthen the internal audit processes, providing a comprehensive review and evaluation of the company's financial reporting and operational procedures within the designated market category.