Syed Mumtaz Ali Shah Resigns as Director of JS Bank Limited

Karachi, Syed Mumtaz Ali Shah has resigned from his position as an Independent Director at JS Bank Limited, effective June 14, 2024. The bank announced that the process to fill this casual vacancy would be subject to the prior approval of the State Bank of Pakistan.

According to information available from the Pakistan Stock Exchange (PSX), the bank is taking necessary steps to ensure compliance with regulatory requirements and will notify the Exchange once the State Bank of Pakistan approves a new appointment.

The Certificate Holders of the Exchange have been informed about this change as part of the bank’s commitment to maintain transparency with its investors and regulatory bodies.