Karachi: Shahzad Textile Mills Limited has announced the appointment of Dr. Rizwan Yousuf as an Independent Director and Chairman of the Audit Committee, effective November 2, 2026. This strategic move sees Dr. Yousuf taking over the position from Syed Raza Ali Bokhari.

According to information available from the Pakistan Stock Exchange (PSX), Shahzad Textile Mills Limited operates within the Textile sector, a key area of Pakistan's industrial landscape. The appointment is anticipated to strengthen the company's governance framework and enhance oversight capabilities.

The management of Shahzad Textile Mills Limited expressed confidence in Dr. Yousuf's ability to lead the Audit Committee, emphasizing the importance of his role in upholding the integrity of the company's financial reporting and compliance processes. Dr. Yousuf's extensive experience and expertise are expected to contribute positively to the company's strategic objectives.