New NICL Board Formed After 3 Years – Old Bo...

Summary

• Tenure:* Former Board notified on 8 Aug 2023.
• Company Secretary:* Farrukh Majeed Qureshi held charge since Dec 2016 with Board approval, resigned in 2023.
• Bilal Quli given additional charge in Aug 2023 and shown as Compliance & Acting Company Secretary on NICL website with credentials: IBA Employment Law, UK BSc Computer Network Technology, PICG Certified Director.

AI Generated Summary

KARACHI : The Federal Government has formed a new 3-year Board of National Insurance Company Limited (NICL). Sources claim Ali Syed re-appointed as Chairman and Muhammad Noman Khan as Director on recommendation of former Prime Minister. Officially, Finance Division confirmed on 11 Oct 2026 that CCoSOEs headed by Finance Minister Muhammad Aurangzeb approved reconstitution of NICL Board under SOEs Act 2023.

*WHAT IS ALLEGED ABOUT OLD BOARD:*

*1. Tenure:* Former Board notified on 8 Aug 2023. Tenure was up to Aug 2026 but allegedly kept for 3 months extra in violation of rules.