Karachi: Premier Insurance Limited has announced a change in its boardroom composition with the appointment of Ms. Laila Bhatia Bawany as an Independent Director. The decision was made during the Board of Directors meeting on October 29, 2026, and was disclosed in a company report dated October 30, 2026.

Ms. Bawany will be replacing Ms. Rukhsana Saleem, pending approval from the Securities Exchange Commission of Pakistan. This appointment aligns with the company's adherence to Section 96 of the Securities Act, 2015, and Clause 5.6.1 (a) of the Pakistan Stock Exchange (PSX) Regulations.

Premier Insurance Limited operates within the designated market category of insurance services. According to information available from the Pakistan Stock Exchange (PSX), such director appointments are a routine part of corporate governance practices requiring regulatory oversight.

The approval process by the Securities Exchange Commission of Pakistan will ensure compliance with the Insurance Companies (Sound and Prudent Management) Regulations, 2012, before the appointment is finalized.