Summit Bank Limited approved the appointment of Mr. Muhammad Zahir Esmail as chief executive officer of the bank in place of Mr. Husain Lawal who shall be retiring from the office of chief executive officer on February 21, 2016. Mr. Esmail's appointment is subject to necessary regulatory approval. Mr. Husain Lawal has been elected as vice chairman on the board of the company.

Mr. Saleem Zamindar is co-opted as the director of the remainder period by filling up the casual vacancy in place of Mr. Nasim Beg with effect from February 11, 2016.