Pakistan Oxygen Limited announced that Mr. Muhammad Younus Dagha, who served as an Independent Director on the company's Board, has tendered his resignation, effective from August 19, 2023. Mr. Dagha's departure marks the end of his tenure with the company, during which he contributed significantly to the strategic decision-making and corporate governance processes. His insight and expertise have been valued assets to the company's boardroom discussions.

The resignation of Mr. Dagha has resulted in a casual vacancy within the Board of Directors of the company. According to the company's statement, this vacant position will be filled by the Board of Directors in due course. The selection process for a new Independent Director will undoubtedly involve thorough consideration of candidates who possess the necessary qualifications and experience to further strengthen the company's direction and growth.