Pakistan Refinery Limited Chairman and Independent Director Tariq Kirmani has resigned from the company’s board, citing health-related reasons.
PRL confirmed the development through an official disclosure, marking a significant leadership change at one of Pakistan’s major refining companies.
Kirmani had been serving as chairman of Pakistan Refinery Limited and was also a member of the board as an independent director.
His resignation has taken effect after he formally stepped down from both positions.
The company is now expected to begin the process of filling the vacant board seat and selecting new leadership in accordance with its governance procedures.
Kirmani is a well-known figure in Pakistan’s corporate and energy sectors.
He has previously held senior leadership positions in major national organisations and has extensive experience in petroleum, aviation and corporate management.
His departure comes at a time when Pakistan’s refining sector is facing several major challenges.
Local refineries are working to modernise operations, improve fuel standards and respond to changing government policies.
The industry is also dealing with volatile international oil prices, financing pressures and the need for large-scale investment in refinery upgrades.
PRL has been pursuing expansion and modernisation plans aimed at improving production capacity and operational efficiency.
Leadership stability is therefore considered important as the company moves forward with these projects.
The resignation may lead to further board-level changes in the coming weeks.
PRL is expected to notify shareholders and regulators once a new chairman or board member is appointed.
The company has not indicated that Kirmani’s resignation is linked to any operational or financial issue.
His departure was attributed specifically to health grounds.
The development will be closely watched by investors as PRL continues working on its long-term growth and refinery upgrade strategy.
