Karachi: Mr. Pir Muhammad Kaliya has resigned from his position as Director of First Paramount Modaraba, effective July 30, 2024.

The announcement marks a significant change in the leadership of First Paramount Modaraba. Mr. Kaliya's departure from the board was confirmed today, and stakeholders, including TRE Certificate Holders of the Exchange, are being notified of this development.

According to information available from the Pakistan Stock Exchange (PSX), this resignation comes as part of the ongoing updates and disclosures required by listed companies to maintain transparency with their investors and the general market.

This organizational change is expected to be recorded officially with all relevant parties within the financial market community, ensuring compliance with market regulations and governance standards.