Karachi: Paramount Investments Limited has officially approved the appointment of Mrs. Shahida Tanveer as the Non-Executive Female Director of First Paramount Modarba, effective from July 31, 2024, pending approval from the Honourable Registrar Modarba.

The Board of Directors of Paramount Investments Limited reached a unanimous decision on this appointment, signaling confidence in Mrs. Tanveer's capabilities to contribute to the company's strategic direction. This decision is now awaiting final approval from regulatory authorities.

According to information available from the Pakistan Stock Exchange (PSX), the announcement was made to ensure transparency and inform TRE Certificate Holders of the upcoming changes in the company’s leadership.

The appointment of Mrs. Tanveer is part of Paramount Investments Limited's ongoing efforts to strengthen its governance and strategic oversight by integrating diverse leadership perspectives into its board structure.