Karachi: Askari Life Assurance Company Limited has announced a significant reshuffle in its Board of Directors. According to the company's report dated October 2, 2026, three board members, Maj Gen Syed Anis Akbar (Retd), Maj Gen Abid Latif Khan (Retd), and Malik Riffat Mehmood, have resigned from their positions with immediate effect.

The company has nominated three new individuals to replace the outgoing directors, pending the approval of the Securities & Exchange Commission of Pakistan. The nominees are Lt Gen Anwar Ali Hyder (Retd), Maj Gen Majid Jahangir (Retd), and Syed Bakhtiar Kazmi.

According to information available from the Pakistan Stock Exchange (PSX), the changes in the board are noteworthy given the company's role within the life assurance sector. The newly appointed directors bring a wealth of experience and are expected to contribute to the company's strategic direction.

Askari Life Assurance Company Limited, a key player in the life insurance market, continues to align its leadership with its long-term goals, reflecting a commitment to maintaining robust governance structures. The company remains focused on delivering value to its stakeholders while navigating the evolving landscape of the insurance industry in Pakistan.