Karachi: The Pakistan Tobacco Company Limited announced on Thursday, October 5, 2026, that Mr. M. Sualeh Ahmed Faruqui, an Independent Director, has tendered his resignation from the Board of Directors. The company will address the resultant casual vacancy in line with Section 155 (3) of the Companies Act, 2017.

The Karachi-headquartered company, classified under the designated market category of tobacco, is expected to ensure the vacancy is filled promptly to maintain the board's compliance with statutory requirements. According to information available from the Pakistan Stock Exchange (PSX), this development marks a notable change in the governance structure of one of the major players in the tobacco sector.

The resignation of Mr. Faruqui was formally communicated to stakeholders through an official report, emphasizing the company's commitment to transparency in its corporate governance practices. As the process to appoint a new director unfolds, the company aims to continue its operations without disruption.