Karachi: Pakistan Petroleum Limited (PPL) announced a leadership change within its financial management team on January 23, 2026. The Board of Directors has appointed Mr. Muhammad Mubbasshar Siddiqui as the interim Chief Financial Officer (CFO), effective from January 22, 2026. This decision was made during a board meeting held on the same date.

Mr. Siddiqui takes over the role from Mr. Mohammad Khalid Rehman, who is currently serving as the Chief Executive Officer (CEO) of the company. The transition is reported to be an interim arrangement as the company navigates its ongoing management strategies.

According to information available from the Pakistan Stock Exchange (PSX), the appointment adheres to Rule 5.6.1 of the Stock Exchange Rules, ensuring compliance with regulatory standards. The change in the CFO position reflects the company’s continued efforts to maintain strong leadership and effective governance.

Pakistan Petroleum Limited, a significant entity within the energy sector, plays a crucial role in the country’s resource management and development. The latest appointment is expected to support the company’s operational and financial objectives under the guidance of Mr. Siddiqui.