Pakistan Refinery chairman steps down after board exit filing
Pakistan Refinery Limited says its board leadership changes after Tariq Kirmani resigns as chairman and director on health grounds, effective October 9, 2026. The departure is disclosed to the market through a Pakistan Stock Exchange filing and comes at one of the country's listed refining companies.
Highlights
- Pakistan Refinery Limited announces through the Pakistan Stock Exchange that chairman and independent director Tariq Kirmani resigns effective October 9, 2026, citing health grounds.
- PRL discloses the board change to investors and market participants on Monday, formalizing the leadership transition.
- Tariq Kirmani departs PRL after a 50-year career with major roles in Chevron Pakistan, Pakistan State Oil, and Pakistan International Airlines.
Board change disclosed through exchange notice
As reported by Business Recorder, citing a filing to the Pakistan Stock Exchange, Pakistan Refinery Limited says Tariq Kirmani, an independent director, resigns as chairman and director on health grounds with effect from October 9, 2026.The notice states that the company is informing the market of his exit from the Board of Directors. PRL discloses the change on Monday, making the leadership transition official for investors and other market participants.
Kirmani's career spans energy and aviation
Information on PRL's website shows Kirmani has more than 50 years of corporate experience in Pakistan and overseas. After completing a Master's degree in Business Administration, he starts his career with Caltex, later Chevron Pakistan, in 1969 and spends seven years in senior management roles in the U.S., United Arab Emirates and Australia.In 1991, he becomes the first Pakistani elected as a company director. He later joins Pakistan State Oil in 1999 as deputy managing director and is appointed managing director and CEO in 2001.
In 2005, the Government of Pakistan appoints Kirmani as chairman and CEO of Pakistan International Airlines, where he serves for two years. His resignation from PRL marks the end of his latest board role at a listed company in Pakistan's energy sector.
Our earlier article on RAM Holdings Bhd’s leadership transition covered the retirement of group CEO and executive director Chris Lee Wai Kit effective end-September 2026 and the appointment of Julie Ng as acting group CEO from Oct. 1. We noted that Ng would continue leading RAM Ratings while taking on expanded responsibilities, with the group emphasizing operational continuity as it moves into its next phase of transformation and growth.
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