Karachi: Pakistan Reinsurance Company Limited has announced a significant change in its board of directors with the appointment of Mr. Muhammad Faisal Mumtaz as a new director, effective June 5, 2026. This development comes as Mr. Mumtaz replaces former director Mr. Shahid Iqbal Baloch.

According to information available from the Pakistan Stock Exchange (PSX), the company’s recent board reshuffle is noteworthy for stakeholders in the insurance and reinsurance sectors. Pakistan Reinsurance Company Limited is a key player in these industries, and the transition in its leadership is expected to draw attention from various market participants.

The company has communicated with the TRE Certificate Holders of the Exchange to ensure transparency regarding the directorial change. The appointment of Mr. Mumtaz marks another chapter in the company’s ongoing efforts to align its leadership with strategic goals and objectives.