Re-appointment of Chairman and Chief Executive Officer of Panther Tyres Limited

Karachi, Panther Tyres Limited informed Pakistan Stock Exchange that Mian Iftikhar Ahmed and Mian Faisal Iftikhar have been re-appointed as Chairman of the Board and Chief Executive Officer of the Company respectively for a term of three years commencing from January 01, 2023.

Panther Tyres Limited is in the tyres and tubes industry of Pakistan. Apart from its main business, the Company has also ventured into trading business of automobile spare parts and lubricants.

The total numbers of shares are 140,000,000. The Earnings per share is 7.06 in 2021 which was 2.50 in 2020. The Profit after taxation is 851,262,000 in 2021 which was 251,827,000 in 2020.