Karachi: Askari Bank Limited has announced the cessation of Mr. Manzoor Ahmed as a Non-Executive Director from its Board of Directors. This development was reported on October 8, 2026.

The bank confirmed that Mr. Ahmed's departure has created a casual vacancy on its board. In line with the regulatory framework, the Board of Directors will address this vacancy in accordance with Section 155(3) of the Companies Act, 2017.

According to information available from the Pakistan Stock Exchange (PSX), Askari Bank Limited is categorized under the designated market category of financial institutions. The bank is expected to proceed with the appointment of a new director to ensure compliance with the governing laws and maintain its board's operational efficacy.