Karachi: Ashfaq Textile Mills Ltd has announced a significant change in its executive management team, appointing Mr. Muhammad Imran Khan as the new Chief Financial Officer, effective from April 1, 2026. This appointment comes as part of the company’s strategic initiatives to strengthen its financial operations and drive growth in the textile sector.

Mr. Muhammad Imran Khan will replace Mr. Muhammad Anwar Jawed, who served in the position previously. The company has not disclosed the reason for this leadership transition but expressed confidence in Mr. Khan’s capabilities to lead the financial department.

Ashfaq Textile Mills Ltd, a prominent player in the textile industry, has made this announcement to ensure transparency and keep all stakeholders informed. According to information available from the Pakistan Stock Exchange (PSX), such changes in key management positions are closely monitored by market participants and TRE Certificate Holders.

The textile industry, known for its significant contribution to the economy, often sees shifts in leadership that aim to navigate the dynamic market landscape effectively. The company’s decision is expected to have implications for its financial strategies and overall market performance.