Karachi: Askari Bank Limited (AKBL) has announced the appointment of Mr. Mazhar Abbas Hasnani as a Non-Executive Director. This decision comes following the resignation of Lt Gen Ghayur Mahmood Awan, I-H (M), T Bt (Retd), and is aimed at filling the casual vacancy created by his departure.
According to information available from the Pakistan Stock Exchange (PSX), the appointment of Mr. Hasnani is contingent upon the successful clearance of the Fit and Proper Test administered by the State Bank of Pakistan. This regulatory requirement ensures that appointed individuals meet all legal and professional standards necessary for holding significant positions within banking institutions.
Mr. Hasnani's appointment is a crucial step for AKBL as the bank continues to uphold its governance standards and ensures continuity in its strategic direction. The bank has communicated the change to TRE Certificate Holders of the exchange to maintain transparency and compliance with regulatory disclosures.