Karachi, Pakistan Synthetics Limited informed Pakistan Stock Exchange that Board of Directors of the Company in its meeting held on April 18, 2019 has appointed Mr. Anwar Haji Karim as Chairman of newly elected Board of Directors. Further the Board has appointed Mr. Yakoob Haji Karim as Chief Executive Officer of the Company with effect from April 18, 2019 for a period of three years.
The Company was incorporated on 18th November 1984 as a private limited company in Pakistan, with the registered office in Karachi, Sindh and subsequently converted into a public limited company on 30th December 1987. The shares of the company are listed on Karachi, Lahore and Islamabad Stock Exchanges. The principal activity of the company is manufacturing and sale of Polyester Staple Fibre.