KARACHI: Naveed Amin has resigned from the position of Chief Executive Officer (CEO) of Escorts Investment Bank Limited (EIBL), a news release said.

Naveed would continue to serve as Director of the bank and perform his responsibilities as CEO of the bank till the completion of notice period of three months starting February 06, 2021.    

Escorts Investment Bank Limited (EIBL) is regulated and supervised by the Securities and Exchange Commission of Pakistan and is listed on the Pakistan Stock Exchange.

Bahria Town, a leading real estate developer has acquired majority shareholding and management control of Escorts Investment Bank Limited w.e.f. January 8, 2018, Bahria Town injected PKR 1.2 billion in the bank.

Escorts Investment Bank’s Business Plan is focused on Enhanced Profitability and Sustainable Growth through a broader range of Products & Services, Capacity Building in terms of Human Resource, Infrastructure, Systems Support and Risk Management Policies.