Share Certificates Reported Missing at Major Pakistani Banks

Karachi: The Pakistan Stock Exchange (PSX) has reported the loss of share certificates from four major financial institutions. According to information available from the Pakistan Stock Exchange (PSX), Fauji Fertilizer Company Limited, Faysal Bank Limited, National Bank of Pakistan, and Habib Bank Limited have all reported missing or misplaced share certificates, along with associated transfer deeds. These documents are essential for verifying ownership of shares within these companies.

This loss has prompted an advisory to members of the exchange, urging them not to engage in transactions involving the mentioned certificates. The companies have stated that if no objections are received within seven days from the date of the notice, which was issued on September 4, 2024, duplicate certificates will be issued to the respective shareholders. This measure is aimed at protecting the interests of shareholders and maintaining orderly trading practices.

Shareholders of the affected banks are advised to monitor their holdings and report any discrepancies to the PSX or the respective banks. The situation highlights the importance of robust measures to safeguard financial documents and the swift actions required when such issues occur.

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