Karachi: In a significant corporate reshuffle, The Pakistan General Insurance Company Limited has announced key decisions from its latest board meeting held on July 3, 2024. According to information available from the Pakistan Stock Exchange (PSX), the board has appointed Mr. Jamshed Mir as a director to fill a casual vacancy, contingent upon approval from the Securities and Exchange Commission of Pakistan. Additionally, Mr. Abrar Ahmed Cheema has been appointed as the Chairperson of the company effective immediately.

Further, the company disclosed a strategic relocation of its head office from Lahore to Multan, which will take effect from July 08, 2024. The new premises, located at 1649, Shopping Center #3, Aziz Shaheed Road, Mall Plaza Chowk, Mall Rd in Multan Cantt Commercial Area, aim to enhance operational efficiencies and better serve the regional demands.

This series of strategic decisions is expected to bolster the company's governance and operational stance, aligning with its growth objectives and compliance with regulatory frameworks governing insurance operations in Pakistan.