Karachi: Pakistan Refinery Limited (PRL) has announced the appointment of Mr. Mohsin Ali Mangi as the Managing Director and Chief Executive Officer, effective April 30, 2026. This decision was ratified by the Board of Directors during their meeting held on March 12, 2026. Mr. Mangi will succeed Mr. Zafar Ul Islam Usmani, who has been serving as the Interim Managing Director and Chief Executive Officer.

The announcement came as part of a structured leadership transition following the initial communication released on December 23, 2025. Mr. Mangi will assume leadership for a term of three years, guiding the company through its next phase of operations and development.

According to information available from the Pakistan Stock Exchange (PSX), this leadership change is significant to stakeholders in the designated market category, as it follows a period of interim management under Mr. Usmani. The transition is expected to be communicated promptly to the TRE Certificate Holders of the Company to ensure a seamless handover of responsibilities.

The appointment aims to bolster the strategic direction of Pakistan Refinery Limited, as the company continues its operations within the national energy sector.