Karachi: Hascol Petroleum Limited has announced a change in its board of directors, following the resignation of Mr. Imran Ghaznavi. Mr. Ghaznavi, who served as a director of the company, stepped down from his position effective November 12, 2026.

The company promptly addressed the vacancy created by Mr. Ghaznavi's departure. According to a Circular Resolution dated the same day, the Board of Directors has appointed Mr. Shehryar Omar as the new director, effective November 13, 2026. This appointment will last for the remainder of the term, in accordance with Section 161(2) of the Companies Act, 2017.

According to information available from the Pakistan Stock Exchange (PSX), Hascol Petroleum Limited operates within the petroleum sector, which remains a focal point in the market.

The appointment of Mr. Omar is seen as a strategic decision by the company to maintain continuity and stability within its leadership team. As the industry navigates current economic conditions, the board's decision underscores its commitment to adhering to regulatory requirements and ensuring effective governance.