Karachi: Jahangir Siddiqui & Co. Ltd. (JSCL) has appointed Mr. Akhtar Abbas as a Non-Executive Director, succeeding Mr. Naveed Khalid Chowdhry, who resigned from the Board of Directors. This change, effective from May 20, 2026, was confirmed in a company communication dated May 21, 2026.

The appointment follows a prior notification issued on April 22, 2026, concerning the casual vacancy on the board due to Mr. Chowdhry's resignation. The company has taken steps to ensure that TRE Certificate Holders of the Exchange are informed of this development.

According to information available from the Pakistan Stock Exchange (PSX), JSCL has made this strategic appointment to strengthen its board composition. The decision is part of the company’s ongoing efforts to maintain robust governance structures and ensure effective oversight.

The appointment of Mr. Akhtar Abbas is expected to bring valuable insights and experience to the board, contributing to JSCL’s strategic direction and operational oversight. The market continues to observe these changes closely, noting the impact on the company’s governance and future prospects.