General Raheel Sharif was presented a farewell salute after he passed the baton of command to Gen Bajwa.
Gen Raheel also addressed the ceremony after reviewing guard of honour.
“I am thankful to Allah who gave me the opportunity to lead the best army in the world,” Gen Raheel said.
“As army chief, I always gave priority to national interest,” he said, adding that “Pakistan changed history by fighting a successful war against terrorism.” Further, he expressed hope that Pakistan Army would continue to live up to the nation’s expectations.
A military band kickstarted the ceremony, where members of cabinet and parliamentarians are also in attendance. Defence Minister Khawaja Asif and Speaker National Assembly Ayaz Sadiq are also present at the occasion.
Before the ceremony, the outgoing army chief, General Raheel Sharif laid a floral wreath at Yadgar-e-Shuhada in GHQ. According to media reports, all educational institutions on Mall Road and surrounding areas have been closed due to security concerns. Mobile phone services also remain suspended.