Karachi: Askari Bank Limited has announced the appointment of Ms. Vadiyya Khalil as an Independent Director on its Board of Directors. This decision comes following the resignation of Ms. Zoya Mohsin Nathani, who previously held the position. The appointment of Ms. Khalil is contingent upon her passing the Fit & Proper Test, a requirement set by the State Bank of Pakistan.

The change in directorship was disclosed in a company statement, which highlighted the bank's adherence to regulatory protocols. The bank's move to fill the casual vacancy swiftly underscores its commitment to maintaining a full and operational board.

Askari Bank Limited, recognized under the designated market category by the Pakistan Stock Exchange, is taking steps to ensure a seamless transition in its governance structure. According to information available from the Pakistan Stock Exchange (PSX), the update on the board's composition is part of the bank's ongoing efforts to align with corporate governance standards.

The bank has communicated the developments to the TRE Certificate Holders of the Exchange, as part of its obligation to keep stakeholders informed. The appointment of Ms. Khalil is expected to be finalized once she successfully meets the criteria set by the central bank.