Islamabad: Biafo Industries Limited has announced a change in its financial leadership as the company appoints a new Chief Financial Officer. According to a report dated September 3, 2026, Mr. Israr Ahmed has officially stepped down from his role as the Acting Chief Financial Officer, effective from the same date.

The company's Board of Directors has appointed Mr. Muhammad Usman Qazi to assume the responsibilities of Chief Financial Officer, also effective September 3, 2026. This appointment marks a significant development in the company's management structure, as Biafo Industries Limited continues to navigate its position within the designated market category.

According to information available from the Pakistan Stock Exchange (PSX), these changes in executive roles are crucial for maintaining the financial integrity and strategic direction of companies like Biafo Industries Limited. The appointment of Mr. Qazi as CFO is expected to bring a new dimension to the company's financial operations and decision-making processes.