Key Takeaways
- Tariq Kirmani has stepped down as chairman and director of Pakistan Refinery Limited (PRL) on health grounds.
- His resignation is effective from October 9, 2026.
- Kirmani has over 50 years of corporate experience, including roles at Caltex, Chevron Pakistan, and Pakistan International Airlines.
Tariq Kirmani, the chairman and director of Pakistan Refinery Limited (PRL), has resigned from his position due to health reasons, effective from October 9, 2026. This information was disclosed in a filing to the Pakistan Stock Exchange (PSX) on Monday.
In his resignation notice, Kirmani stated, 'We would like to inform you that Tariq Kirmani (independent director) has resigned as chairman and director from the Board of Directors of Pakistan Refinery Limited on health grounds with effect from October 9, 2026.'
Kirmani, who has over 50 years of corporate experience, began his career with the multinational oil company Caltex in 1969, working for seven years in the United States, United Arab Emirates, and Australia in various senior management positions.
In 1991, he became the first Pakistani elected as a company director. His career progressed further when he joined Pakistan State Oil (PSO) as deputy managing director in 1999, and was appointed as the managing director and CEO in 2001.
In 2005, the Government of Pakistan appointed Kirmani as the chairman and CEO of Pakistan International Airlines (PIA), a role he held for two years.
Kirmani's extensive experience in the oil and aviation sectors, coupled with his leadership roles in major national companies, has been widely recognized in the business community.
The resignation of Kirmani from PRL is a significant change in the company's leadership structure, and the board is expected to appoint a new chairman and director in the coming weeks.
PRL, a key player in Pakistan's oil and gas sector, will need to navigate this transition to ensure continuity in its operations and strategic direction.
