Pakistan Refinery Appoints Zafar Ul Islam Usmani as Interim CEO

Pakistan Refinery Limited has appointed Zafar Ul Islam Usmani as its Interim Managing Director and Chief Executive Officer, the company disclosed in a notice submitted to the Pakistan Stock Exchange. According to the disclosure of material information dated December 23, 2025, the Board of Directors of Pakistan Refinery Limited approved the appointment with effect from January 1, 2026, and the arrangement will remain in place until further notice The company informed the stock exchange that the appointment follows its earlier announcement dated September 11, 2025, and has been made to ensure continuity in leadership and management. The notice was issued by Company Secretary Shehzad Aminullah on behalf of Pakistan Refinery Limited, with a copy also forwarded to the Securities and Exchange Commission of Pakistan. Pakistan Refinery Limited operates one of the country’s major oil refineries and is listed on the Pakistan Stock Exchange. Pakistan Refinery Limited is one of Pakistan’s oldest and one of the largest oil refining companies and has been in operation since 1960. The company operates a refinery in Karachi with an installed refining capacity of around 2.1 million tons per annum.