Karachi: Askari General Insurance Co. Ltd. announced on July 22, 2026, that the Securities and Exchange Commission of Pakistan (SECP) has approved the appointments of Maj Gen Syed Anis Akbar (Retd.) and Maj Gen Muhammad Ahmed Malik (Retd.) as directors on its board. This approval follows an earlier correspondence dated March 16, 2026, in which the company sought regulatory consent for these appointments.

The Pakistan Stock Exchange (PSX) has classified Askari General Insurance Co. Ltd. within the designated market category of insurance. According to information available from the Pakistan Stock Exchange (PSX), the company's board appointments are expected to bring experienced leadership to the organization.

The approval from SECP marks a significant development for Askari General Insurance Co. Ltd., as it fortifies its governance structure with the inclusion of high-ranking retired military officials.