ANL 28.45 Decreased By ▼ -1.10 (-3.72%)
ASC 19.69 Decreased By ▼ -0.29 (-1.45%)
ASL 24.45 Increased By ▲ 0.05 (0.2%)
BOP 8.17 Decreased By ▼ -0.09 (-1.09%)
BYCO 9.80 Decreased By ▼ -0.24 (-2.39%)
FCCL 21.88 Decreased By ▼ -0.07 (-0.32%)
FFBL 26.60 Decreased By ▼ -0.40 (-1.48%)
FFL 20.05 Increased By ▲ 0.72 (3.72%)
FNEL 8.39 Decreased By ▼ -0.03 (-0.36%)
GGGL 24.90 Decreased By ▼ -0.26 (-1.03%)
GGL 41.69 Decreased By ▼ -1.91 (-4.38%)
HUMNL 6.81 Decreased By ▼ -0.11 (-1.59%)
JSCL 20.60 Decreased By ▼ -0.90 (-4.19%)
KAPCO 39.00 No Change ▼ 0.00 (0%)
KEL 3.82 Decreased By ▼ -0.01 (-0.26%)
MDTL 3.39 Decreased By ▼ -0.13 (-3.69%)
MLCF 43.05 Decreased By ▼ -0.45 (-1.03%)
NETSOL 149.30 Decreased By ▼ -7.70 (-4.9%)
PACE 7.12 Decreased By ▼ -0.08 (-1.11%)
PAEL 32.05 Decreased By ▼ -1.23 (-3.7%)
PIBTL 10.86 Decreased By ▼ -0.09 (-0.82%)
POWER 8.95 Decreased By ▼ -0.11 (-1.21%)
PRL 22.80 Decreased By ▼ -0.30 (-1.3%)
PTC 11.66 Decreased By ▼ -0.22 (-1.85%)
SILK 1.77 Increased By ▲ 0.05 (2.91%)
SNGP 49.70 Decreased By ▼ -1.04 (-2.05%)
TELE 15.50 Increased By ▲ 0.33 (2.18%)
TRG 154.43 Decreased By ▼ -5.82 (-3.63%)
UNITY 40.00 Decreased By ▼ -0.55 (-1.36%)
WTL 3.47 Increased By ▲ 0.04 (1.17%)
BR100 5,043 Decreased By ▼ -50.24 (-0.99%)
BR30 25,215 Decreased By ▼ -494.66 (-1.92%)
KSE100 47,055 Decreased By ▼ -257.04 (-0.54%)
KSE30 18,837 Decreased By ▼ -126.39 (-0.67%)

Coronavirus
VERY HIGH Source: covid.gov.pk
Pakistan Deaths
23,422
6224hr
Pakistan Cases
1,034,837
5,02624hr
8.82% positivity
Sindh
382,865
Punjab
356,920
Balochistan
30,432
Islamabad
87,699
KPK
144,264
Markets

Indus Motor Company appoints Mohamed Ali R. Habib as Chairman

  • Furthermore, the IMC Board also appointed Muhammad Hyder Habib as Director with effect from June 26, 2020, to fill the casual vacancy in place of Ali S. Habib.
  • The Board also appointed Noriaki Kurokawa as director to fill the casual vacancy in place of Tadao Nasu.
Updated 30 Jun 2020

The Board of Directors of the Indus Motor Company Limited (IMC) has appointed Mohamed Ali R. Habib as Chairman of the company.

“The Board of Directors of the Indus Motor Company Limited in their meeting held on 26th June, 2020 through video link has appointed Mr. Mohamedali R. Habib as Chairman on the Board of the Company with effect from June 26, 2020 to fill the casual vacancy occurred due to sad demise of Mr. Ali S Habib, the founding Director and Chairman of the Company on April 17, 2020,” the company said in its filing at the Pakistan Stock Exchange (PSX).

Furthermore, the IMC Board also appointed Muhammad Hyder Habib as Director with effect from June 26, 2020, to fill the casual vacancy in place of Ali S. Habib. The Board also appointed Noriaki Kurokawa as director to fill the casual vacancy in place of Tadao Nasu.

In April, Ali Suleman Habib passed away at the age of 63 in Karachi. Apart from being chairman of the Indus Motor Company, He also headed operations for the House of Habib, a legacy business conglomerate that has several successful businesses functioning under its umbrella.

Under umbrella of the House of Habib, he served many boards as their director including Thal Limited, Shabbir Tiles & Ceramics Limited, Habib Metropolitan Bank Limited, Metro Habib Cash and Carry Pakistan (Pvt.) Limited.