Karachi: The Board of Directors of Pakistan Refinery Limited has unanimously decided to reappoint Mr. Zahid Mir as the Managing Director and Chief Executive Officer for another term. The decision was made during a meeting held on June 18, 2025. Mr. Mir's new tenure will commence on August 1, 2025, and will extend until July 31, 2027.

The reappointment of Mr. Mir, a seasoned leader in the refining industry, reflects the board's confidence in his ability to steer the company through its upcoming challenges and opportunities. This leadership continuity is expected to help maintain stability and strategic focus within the organization.

According to information available from the Pakistan Stock Exchange (PSX), the company's shares experienced a moderate move following the announcement. The market reacted to the news with investors showing measured interest in the continuity of leadership that Mr. Mir's reappointment signifies.

The decision to inform all TRE Certificate Holders of the Exchange has been noted, ensuring that stakeholders are kept abreast of the latest developments within Pakistan Refinery Limited. The reappointment underlines the board's commitment to fostering consistent leadership for the company's growth and performance in the designated market category.