PICIC Insurance Limited’s reappointment of the chief executive and disclosure of remuneration to the members under section 218 of the companies ordinance, 1984

Karachi, September 10, 2013 (PPI-OT): We have to inform you that Mr. Ahmed Salahuddin has been reappointed as the MD and Chief Executive Officer of the Company with effect from September 1, 2013.

His revised remuneration will be Rs. 11.1 million per annum plus other benefits/ facilities in accordance with Company’s Rules.

You may please inform members of your exchange accordingly.

For more information, contact:
Afroz Qureshi
Company Secretary
PICIC Insurance Limited
Eighth Floor, Shaheen Complex
M.R. Kayani Road. Karachi 74200 Pakistan
Tel: (02l) 3221 9555-60
Facsimile: (021) 3221 9561

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