Tag Archives: Directors

PTCL chief, two directors sent packing

PTCL chief, two directors sent packing

KARACHI – The Pakistan Telecommunication Company Limited (PTCL) has reshuffled its entire management with the chairman and two directors being forced to resign on February 24. PTCL told its shareholders in Karachi, Lahore and Islamabad stock exchanges on Friday that PTCL Chairman Najeebullah Malik and directors Salman Siddiqui and Khursheed Ahmed Junejo had resigned, adding that Walid Irshad would continue to serve as chief executive officer for the next term.
Saeed Ahmad Khan

Sindh govt seeks representation in KESC Board of Directors

KARACHI – The Sindh government has requested the centre for representation in the Karachi Electric Supply Company (KESC) Board of Directors (BoD) to ensure better service for the consumers and protection of their rights, Sindh Electric Power Minister Shazia Marri said on Thursday.
While talking to a group of media personnel and various delegations visiting her office regarding their problems, Marri said that the Electric Inspectorate working under the Power Department is being

LSE elects five member directors

LAHORE – The Lahore Stock Exchange (LSE) elected five member directors for the year 2011 here on Friday. All five members elected as directors belong to Panel A. They include Mirza Ejaz Baig and Jahanzeb Mirza, who bagged 71 and 70 votes respectively. In addition, Ammar ul Haq, Mazhar Rafiq and Naeem Anwar have also been elected to the Board of Directors, obtaining 69, 65 and 55 votes respectively.
Polling started in the LSE Auditorium at 11am and continued till 5pm, except for a

LDA acting DG transfers 4 directors

LAHORE – Lahore Development Authority (LDA) acting Director General Muhammad Ihsan Ul Haq has ordered transfers and postings of four directors. C&I Director Muhammad Khalid Mehmood Chaudhry has been transferred and posted as LDA Chairman’s Headquarters Director, relieving LDA PSO to Chairman Jamshaid Siddiqui from the additional charge of the said post.
Estate Management Director Chaudhry Ishtiaq Ahmad has been posted as LDA C&I Director. LDA Katchi Abadis Director Muhammad

SECP names KSE nominee directors

KARACHI – The Securities and Exchange Commission of Pakistan (SECP) Tuesday selected nominee directors on the board of Karachi Stock Exchange (KSE) for 2011 after a delay of over three weeks.
According to KSE sources, the apex regulator after a delay of 24 days had ultimately announced the four names of its nominee directors on the KSE board from the financial sector. Those nominated include Muneer Kamal, Shazad G Dada, Asif Qadir and Abdul Qadir Memon who officiate as KASB Bank

PFF directors congratulate Faisal

LAHORE – Pakistan Football Federation (PFF)’s SVP Zahir Shah, VP Syed Khadim Ali Shah, Secretary General Ahmed Yar Khan Lodhi, Director Marketing Sardar Naveed Haider, Director Operation Pervaiz Saeed Mir, Director Clubs Farasat Ali Shah, Director Finance Sardar Naveed Haider, YD Director Siddiq Sheikh, MTFA President Mian Rizwan Ali, and NNTFA President Abdul Rasheed Khan congratulated PFF President Faisal Saleh Hayat for becoming the first Pakistani ever to have been elected to the

Kanal Motors director’s physical remand extended

LAHORE – An accountability court on Tuesday extended the physical remand of Kanal Motors Director Usman Yousaf until December 23.
Yousaf was accused of embezzling public money worth millions of rupees, which he had collected after offering attractive profit packages on investment in car trading.
Earlier, the National Accountability Bureau (NAB) produced the accused in the trial court and sought his physical remand for three more days in order to further investigate him.

KSE member directors to formalise consultation process

KARACHI: Authorities at the Securities and Exchange Commission of Pakistan (SECP) have appointed favoured individuals as chairmen and nominee directors at the Karachi Stock Exchange (KSE) at their sole discretion for the last several years.
The apex regulator is apparently installing its preferred candidates at the helm of KSE, who do not possess requisite knowledge about the country’s largest equity market. Even inductions are said to have been ‘unilateral’ in nature as

NUML director’s degree challenged

ISLAMABAD: National University of Modern Languages (NUML) Lahore campus Director Saeed Ahmad allegedly got appointment on the basis of an invalid degree.
This was stated in a confidential letter (copy available with Pakistan Today) addressed to rector NUML in which the director general of the university expressed serious reservations about Regional Director Lt Col (Retd) Saeed Ahmed’s appointment.
The letter pointed out that the regional director produced an MBA degree

Top