Askari Bank Limited (AKBL) has unveiled significant changes to its board composition. The bank has appointed Lt Gen Anwar Ali Hyder, HI (M) (Retd) as the new Non-Executive Director/Chairman, stepping in to fill the vacancy left by the resignation of Mr. Waciar Ahmed Malik. In addition to this major appointment, Mr. Jahangir Piracha has been named as Non-Executive Director of AKBL.

This move comes as a replacement for Mr. Sarfaraz Ahmed Rehman, who also resigned from his position. Both appointments are contingent upon the successful clearance of the Fit and Proper Test by the State Bank of Pakistan, ensuring that the new directors meet the regulatory requirements and standards set forth for banking professionals in the country.