WANZ’s BoD endorses for conversion from private to public limited company

KARACHI: Board of Directors of WANZ International group of companies has formally endorsed conversion from private to public limited at a meeting presided over by Chairperson Shoaib Ahmed.

Vice Chairman Ashfaq Ahmed, President Mohammad Amin Yousuf, CEO of WANZ Technology Syed Aminullah Hussaini, CEO WANZ Tours and Travels Wasim Ahmed, CEO WANZ Global Zainul Abideen, WANZ’s Legal Advisor Saifullah, Executive Director Shahida Qaiser while Senior Vice Chairman Darukhan Achakzai joined through video link. The meeting, after commencement with the recitation of the Holy Quran, made detailed deliberations on all points, parts of the agenda of the Day and formally approved various proposals.

Syed Aminullah Hussaini, a retired member of the Board of Directors, read out the minutes of the previous meeting which was approved by the Board. The participants of the meeting also discussed the audited report and approved it after due consideration. The appointment of chartered accountant firm M/s Iqbal Associates for managing financial affairs in the next financial year was also approved.

The meeting also approved the resignation of three directors and chief executive officers of various companies and elected Shoaib Ahmed as the new group chief executive officer and co-chairman for the next three years.

The participants also discussed Pakistan Tech Expo at America and other events scheduled to be held in Canada, United Kingdom, Japan and other countries, apart from upcoming events in Pakistan.

The Board of Directors was informed that an international education system is also being introduced under the group which will work under an organised system. The meeting also discussed liaison at public and private sector, MoUs with various institutions, universities and chambers of commerce and other issues of significant important, on the occasion.

Copyright Business Recorder, 2022