Karachi: JS Global Capital Limited has announced the resignation of Syed Jafar Raza from its Board of Directors, effective June 16, 2025. The company, listed under the designated market category of the Pakistan Stock Exchange (PSX), is set to address the resultant casual vacancy in due course.

JS Global Capital Limited, a prominent player in the financial services sector, confirmed the departure of Raza in a formal communication. The company is expected to initiate the process of appointing a new director to fill the vacancy shortly, although no specific timeline has been provided.

According to information available from the Pakistan Stock Exchange (PSX), JS Global Capital Limited is obliged to maintain a full board to ensure compliance and continued operational efficiency. The resignation of Raza marks a significant change in the leadership structure, necessitating prompt action by the remaining board members.

The board of JS Global Capital Limited has yet to disclose potential candidates or the criteria that will be employed in selecting a replacement. This development comes as the company continues its operations in the financial sector, maintaining its commitments to stakeholders while navigating this transition.