Pakistan Oilfields reappoints Shuaib A. Malik as chief executive for three years

KARACHI: Pakistan Oilfields Limited has reappointed Mr Shuaib A. Malik as Chief Executive of the company for a three-year term commencing from June 27, 2026, according to a notice submitted to the Pakistan Stock Exchange on Monday.

The company said its Board of Directors had also elected Mr. Shuaib A. Malik as Chairman of the Board of Directors.

In a separate notice, Pakistan Oilfields said its Board of Directors had approved the appointment of alternate directors through a resolution by circulation.

According to the notice, Mr Agha Sher Shah has been appointed as alternate director by Mr Laith G. Pharaon, while Mr Babar Bashir Nawaz has been appointed as alternate director by Mr Wael G. Pharaon.

Pakistan Oilfields Limited is incorporated in Pakistan as a public limited company. It is principally engaged in exploration, drilling and production of crude oil and gas in the country.

The company’s operations also include marketing liquefied petroleum gas under the POLGAS brand and transmission of petroleum.

Pakistan Oilfields is a subsidiary of The Attock Oil Company Limited, UK, while its ultimate parent company is Coral Holding Limited.