ANL 12.62 Increased By ▲ 0.32 (2.6%)
ASC 14.65 Increased By ▲ 0.55 (3.9%)
ASL 15.60 Increased By ▲ 0.56 (3.72%)
AVN 104.25 Increased By ▲ 4.00 (3.99%)
BOP 8.42 Decreased By ▼ -0.01 (-0.12%)
CNERGY 6.47 Increased By ▲ 0.07 (1.09%)
FFL 9.17 Increased By ▲ 0.10 (1.1%)
FNEL 8.95 Increased By ▲ 0.28 (3.23%)
GGGL 13.40 Increased By ▲ 0.22 (1.67%)
GGL 20.88 Increased By ▲ 0.98 (4.92%)
GTECH 9.70 Increased By ▲ 0.30 (3.19%)
HUMNL 6.60 No Change ▼ 0.00 (0%)
KEL 3.16 Increased By ▲ 0.06 (1.94%)
KOSM 4.34 Increased By ▲ 0.29 (7.16%)
MLCF 33.65 Increased By ▲ 0.17 (0.51%)
PACE 4.20 Increased By ▲ 0.14 (3.45%)
PIBTL 7.24 Increased By ▲ 0.07 (0.98%)
PRL 14.34 Increased By ▲ 0.23 (1.63%)
PTC 8.68 Decreased By ▼ -0.01 (-0.12%)
SILK 1.34 Increased By ▲ 0.01 (0.75%)
SNGP 33.80 Increased By ▲ 0.20 (0.6%)
TELE 17.88 Increased By ▲ 0.63 (3.65%)
TPL 13.50 Increased By ▲ 0.48 (3.69%)
TPLP 28.02 Increased By ▲ 2.46 (9.62%)
TREET 39.69 Increased By ▲ 0.99 (2.56%)
TRG 83.30 Increased By ▲ 1.56 (1.91%)
UNITY 27.85 Increased By ▲ 0.54 (1.98%)
WAVES 15.05 Increased By ▲ 0.35 (2.38%)
WTL 2.22 Increased By ▲ 0.08 (3.74%)
YOUW 8.09 Increased By ▲ 0.55 (7.29%)
BR100 4,597 Increased By 11.2 (0.24%)
BR30 17,781 Increased By 212.3 (1.21%)
KSE100 45,018 Increased By 192.3 (0.43%)
KSE30 17,748 Increased By 81.8 (0.46%)

coronavirus
Coronavirus
VERY HIGH
Source: covid.gov.pk
Pakistan Deaths
29,077
1224hr
Pakistan Cases
1,360,019
6,54024hr
Sindh
520,415
Punjab
460,335
Balochistan
33,855
Islamabad
115,939
KPK
183,865

Zia Chishti has resigned from his role as Chief Executive Officer (CEO) and a Director of TRG Pakistan Limited, with immediate effect, said the company on Monday.

TRG Pakistan disclosed the development in its filing to the Pakistan Stock Exchange (PSX).

“We have to inform you that Muhammad Ziaullah Khan Chishti has resigned as the Chief Executive Officer and a Director of TRG Pakistan Limited, with immediate effect.

“Chishti has also resigned from his positions at The Resource Group (TRG) International Limited, effective immediately,” read the filing, adding that the board will make additional organisational announcements in the coming days.

Read: TRG Pakistan's share price plummets amid allegations on CEO

The announcement follows that of Afiniti Ltd, a US company that still accounts for 57% of TRG Pakistan’s value, that said Chishti has stepped down from his role as chairman, Chief Executive Officer, and director of Afiniti, effective immediately.

Afiniti announces Zia Chishti has stepped down as chairman, CEO

The developments come after Tatiana Spottiswoode, a 23-year-old former employee of Afiniti, detailed a string of allegations against the chief executive to members of Congress in the US on November 16.

Chishti denies the allegations.

Tatiana Spottiswoode accused him of sexual assault during testimony to a hearing into how forced arbitration clauses signed with companies have been used to prevent survivors of sexual harassment and sexual violence from pursuing cases through the courts.

Last week, the Board of Directors of Afiniti Ltd named Larry Babbio as Chair of the Board of Afiniti, effective immediately.

Afiniti appoints Babbio as chair, forms committee to investigate charges against Chishti

Afiniti also announced the formation of a Special Committee of the Board to investigate issues surrounding the conduct of its former CEO and Chair.

Comments

Comments are closed.