Karachi: International Knitwear Limited announced the election of new directors at its 34th Annual General Meeting on October 26, 2024. The meeting led to the selection of three executive directors and several non-executive and independent directors, establishing a diverse leadership team set to guide the company for the next three years.

The new board includes Mr. Waseem Shafi and Mr. Muhammad Shafi, elected as non-executive directors, and Mr. Naeem Shafi and Mr. Javed Khan who will serve as executive directors. The company also appointed Mr. Khalid Jamil Siddiqi, Mr. Abdullah Ahsan Saleem, and Ms. Saleha Majid as independent directors, with Ms. Majid specifically noted for her role as an independent female director.

According to information available from the Pakistan Stock Exchange (PSX), the appointments come at a critical time as International Knitwear Limited continues to navigate the competitive textile market. The roles of these directors are crucial for steering the company towards sustained growth and maintaining transparency in corporate governance.

The appointments were officially communicated to the Pakistan Stock Exchange Ltd., fulfilling the company's regulatory requirements and ensuring that all TRE certificate holders of the exchange are duly informed.