Karachi: BankIslami Pakistan Limited announced a change in its Board of Directors as Ms. Iffat Zehra Mankani resigned from her position. The board has appointed Dr. Shamshad Akhtar to fill the casual vacancy, effective March 14, 2025. This appointment is pending the requisite clearance from the State Bank of Pakistan.

The decision follows the resignation of Ms. Mankani, whose contributions to the company have been noteworthy. Her departure from the board necessitated a prompt appointment to ensure continuity in governance and strategic oversight.

Dr. Shamshad Akhtar, who has been named as Ms. Mankani's successor, brings a wealth of experience to the position. Her appointment is expected to be confirmed once the necessary regulatory approvals are secured. The board's decision aims to maintain stability and leadership within the organization.

According to information available from the Pakistan Stock Exchange (PSX), the announcement has been communicated to the TRE Certificate Holders of the Exchange. The change in directorship is part of the company’s ongoing efforts to strengthen its governance framework and align with regulatory requirements.

BankIslami Pakistan Limited operates within the designated market category of Islamic banking and finance. The institution continues to focus on providing Shariah-compliant financial solutions while navigating changes in its leadership team.