Karachi: Abdullah Naseem has officially resigned from his position on the Board of Directors of Tariq Corporation Limited, effective August 20, 2025. The resignation was confirmed by a company statement, which also mentioned that the Board of Directors will address the resulting casual vacancy in due course.

The resignation has been communicated to the TRE Certificate Holders of the Exchange. Tariq Corporation Limited, which is listed in the industrial sector, has not provided further details regarding the selection process or timeline for appointing a new member to the board.

According to information available from the Pakistan Stock Exchange (PSX), Tariq Corporation’s market performance remains stable following the announcement. The stock’s movement was categorized as a Minor move, indicating minimal impact on its market valuation in the immediate aftermath of the resignation.

The company has assured stakeholders that the vacancy will be filled promptly, though no specific candidates or criteria for selection have been disclosed. The Board of Directors is expected to consider both internal and external candidates to ensure the continued strategic oversight and governance of Tariq Corporation Limited.