Karachi: Jahangir Siddiqui & Co. Ltd. (PSX: JSCL) has announced a major leadership reshuffle, appointing Justice (R) Dr. Agha Rafiq Ahmed Khan as the new Chairman of its Board of Directors. The development was disclosed in the company’s latest filing to the Pakistan Stock Exchange (PSX).
The appointment marks a significant milestone for JSCL, bringing in a highly respected jurist with more than 40 years of judicial, administrative, and regulatory experience.
A Veteran Jurist Takes Charge at JSCL:
Justice (R) Agha Rafiq Ahmed Khan, former Chief Justice of the Federal Shariat Court, has held several high-profile positions throughout his career. His past roles include:
• Federal Law Secretary
• Chairman, Sindh Public Service Commission
• Senior judicial and administrative posts across Pakistan
Known for his integrity, legal expertise, and strong leadership, Justice (R) Agha Rafiq is expected to play a key role in strengthening JSCL’s corporate governance and strategic direction.
Asad Nasir Appointed New CEO for a Three-Year Term:
Alongside the new chairman, Mr. Asad Nasir has been appointed Chief Executive Officer of Jahangir Siddiqui & Co. Ltd. for a three-year term, signaling the company’s focus on expanding its financial and investment footprint.
Nasir brings over 20 years of experience across:
• Private equity
• Corporate finance
• Capital markets
• Transaction advisory
• Audit and financial consulting
Before joining JSCL, he served as the Group Head of Ecosystem Development & Sustainable Finance at JS Bank, where he led major initiatives in digital transformation and green finance.
His appointment reflects JSCL’s commitment to innovation, sustainable growth, and stronger financial performance.
Board Approves FY2026 Budget:
In addition to leadership restructuring, the Board of Directors has approved the company’s budget for the fiscal year ending December 31, 2026, setting the stage for strategic expansion and long-term value creation.
Strategic Leadership Strengthens JSCL’s Future Outlook
With Justice (R) Agha Rafiq’s governance expertise and Asad Nasir’s financial leadership, JSCL is poised to enter a new phase of stability, innovation, and sustainable growth. These changes reinforce the company’s focus on corporate excellence, investment diversification, and value enhancement for shareholders.