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Pakistan General Insurance Company Completes Credit of Un-Paid Right Securities into CDS

Karachi, The Pakistan General Insurance Company Limited has successfully credited 434,631 Un-Paid Right securities into the Central Depository System (CDS). The securities were allotted in the name of Central Depository Company of Pakistan Limited and recorded at the end of the day on May 24, 2024. According to information available from the Pakistan Stock Exchange (PSX), this action reflects the company’s compliance with the necessary regulatory requirements and enhances its operational efficiency in securities management. The allotment follows the issuance of a confirmation letter to stakeholders, confirming the allocation details and the completion of the credit process.

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PSX Issues Buy-Back Directive for Three Companies Over Regulatory Non-Compliance

Karachi: The Pakistan Stock Exchange (PSX) has issued a compulsory buy-back directive to the sponsors and majority shareholders of three companies, following their continued failure to comply with specific financial regulations. The companies have bee...

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