Karachi: Hi-Tech Lubricants Ltd has announced a significant change in its executive leadership. The company has confirmed that Mr. Muhammad Imran has stepped down from his position as Chief Financial Officer (CFO) effective April 22, 2025. Mr. Syed Arshad Ali Zaidi has been appointed as the new CFO, succeeding Mr. Imran.

The company has informed the TRE Certificate Holders of the Exchange about this development. The transition in the financial leadership comes as part of the company's ongoing efforts to adapt its strategic direction in the designated market category.

According to information available from the Pakistan Stock Exchange (PSX), Hi-Tech Lubricants Ltd is taking steps to ensure a smooth transition in its financial management. The appointment of Mr. Zaidi is expected to bring a fresh perspective to the company’s financial strategies.

This change in leadership is being closely watched by stakeholders and investors, as the company continues to navigate the financial landscape. The company has not disclosed further details about the reasons for the change in CFO.