Karachi: Loads Limited has announced the appointment of Mr. Muhammad Ali as the new Head of Internal Audit, effective February 20, 2025. Mr. Ali replaces the outgoing head, Mr. Muhammad Anas.

The company has communicated this development to the relevant stakeholders, including the TRE Certificate Holders of the Exchange. This leadership change is part of the company's ongoing efforts to enhance its internal auditing processes.

According to information available from the Pakistan Stock Exchange (PSX), Loads Limited operates in the designated market category. The company has not disclosed further details regarding the transition process or the strategic direction under Mr. Ali's leadership.

The appointment marks a significant shift in the management team of Loads Limited, as Mr. Ali takes over the responsibilities of overseeing the internal audit functions. This change is expected to influence the company's future audit strategies and practices.