Karachi: Saudi Pak Consultancy Company Limited announced significant decisions following its 181st Board of Directors meeting held on May 26 and 27, 2025. The meeting, conducted in Karachi, resulted in the election of Syed Najmul Hasnain Kazmi as the new Chairman of the Board.

The board also approved the formation of crucial statutory committees. These include the Audit Committee and the Human Resources and Remuneration (HRR) Committee. The Terms of Reference (ToRs) for both committees were established in accordance with the Corporate Governance Code of 2019.

According to information available from the Pakistan Stock Exchange (PSX), these developments are part of a broader effort by the company to enhance governance and operational efficiency. Saudi Pak Consultancy Company Limited is categorized under the financial and consultancy services sector.

The meeting's resolutions emphasize the company's commitment to aligning with regulatory frameworks and ensuring robust oversight through newly constituted board committees. The establishment of these committees is a strategic move to bolster the company’s governance structure and ensure compliance with industry standards.