Karachi: The Securities and Exchange Commission of Pakistan (SECP) has sanctioned the appointments of Maj. Gen. Syed Anis Akbar (Retd.) and Maj. Gen. Muhammad Ahmed Malik (Retd.) to the Board of Directors of Askari Life Assurance Company Limited, the company announced. This development was communicated in the latest report dated June 11, 2026.
The appointments mark a significant move for Askari Life Assurance, a company that operates within the Life Insurance sector of the designated market category, as it strengthens its board with individuals who have extensive experience in leadership and management.
According to information available from the Pakistan Stock Exchange (PSX), shareholders and interested parties have been advised to convey this update to the TRE Certificate Holders of the Exchange. The inclusion of the retired major generals is expected to bring strategic insights into the company’s boardroom discussions and decisions.
The company had previously indicated the forthcoming appointments, and the SECP’s approval confirms their directorial roles. This step aligns with Askari Life Assurance’s strategic initiatives to bolster its governance framework through the inclusion of seasoned professionals from diverse backgrounds.
With the official approval now in place, Maj. Gen. Syed Anis Akbar (Retd.) and Maj. Gen. Muhammad Ahmed Malik (Retd.) are anticipated to contribute significantly to the company’s future direction and policy formulation.