Pakistan National Shipping Corporation Schedules Emergent Board Meeting

Karachi, Pakistan National Shipping Corporation (PNSC) has announced an emergent meeting of its Board of Directors, set to take place on Friday, February 9, 2024, at 14:30 hours in Karachi. The meeting aims to discuss miscellaneous agendas that require immediate attention, outside the regular schedule of financial result announcements.

In line with regulatory requirements and to ensure the integrity of the proceedings, PNSC has declared a “Closed Period” from February 6, 2024, to February 9, 2024. During this time, directors, the CEO, and executives are prohibited from directly or indirectly dealing in the shares of the Corporation. This precaution is a standard practice to prevent insider trading and maintain market fairness, as stipulated under Clause 5.6.1(d) of the Rule book of the Pakistan Stock Exchange (PSX).

The declaration of a Closed Period ahead of the emergent board meeting underscores PNSC’s commitment to transparency and compliance with stock exchange regulations, ensuring that all corporate actions are conducted with the highest level of integrity.