PAKISTAN
Fecto Cement Limited has informed the Pakistan Stock Exchange (PSX) about changes in its Board of Directors following the resignation of two independent directors.
According to the company’s notice to PSX, Mr. Aamir Ghani and Mr. Mohammad Anwar Habib have resigned from their positions as Independent Directors, including the relevant chairmanships of the Board and committees, with effect from January 14, 2026.
Subsequently, the Board of Directors has appointed Mr. Safdar Abbas Morawala and Mr. Ahmed Mujtaba Memon as Independent Directors of the company with effect from the same date. The appointments have been made from the Data Bank of Independent Directors in compliance with Section 166 of the Companies Act, 2017. Both directors will serve for the remainder of the existing term.
The company further informed that Mr. Jamil Ahmed Khan has been appointed as Chairman of the Board, replacing Mr. Aamir Ghani, effective January 14, 2026. – ER News Desk
READ MORE
Pakistani Robotics Firm Hosts Hackathon at UC Berkeley
Pakistani robotics data company World Context has held its first robotics hackathon at the University…
Pakistan Nears Selection of First Astronaut for China’s Tiangong Mission
Pakistan is preparing to select its first astronaut for a mission to China’s Tiangong space…
SoftBank Raises $11.1bn Through Bond Sale to Fund OpenAI Investment
Japanese technology investor SoftBank Group has raised $11.1 billion through dollar- and euro-denominated bond offerings,…
Fauji Cement Approves 50 MWh Battery Energy Storage and 10 MW Solar Project
The Board of Directors of Fauji Cement Company Limited (FCCL) has approved the installation of…
First-Year QUEST Nawab Shah Student Found Dead; Students Allege Brutal Torture
The body of a first-year student of the Quaid-e-Awam University of Engineering, Science and Technology…
AI Voices May Increase Scam Risks for Some Dialect Speakers
The growing use of artificial intelligence (AI)-generated voices is raising concerns that increasingly realistic synthetic…