Senior Executive Vice President of Saudi-Pak Commercial Bank Shamsul Hasan has been appointed Managing Director, Pak-Kuwait Investment Company, in place of Istiqbal Mehdi. Shams has served as head of Northern Region Bank and later as Corporate Banking Head in Union Bank (now Standard Chartered).
Another Investment Banker and President of Arif Habib Bank Kamaluddin Khan is expected to replace Rasheed Zahir as Managing Director Saudi-Pak Investment Company, it is reliably learnt.