Karachi: In a recent transaction disclosed by the Pakistan National Shipping Corporation (PNSC), the spouse of a company director has sold a notable quantity of shares, according to a notification issued on April 9, 2025. Sanilah Arsal, the spouse of Director Mr. Ahsan Ali Malik, executed the sale of 5,000 shares at a rate of 325.00 each, totaling 1.63 million, on April 8, as per the standard reporting requirements of the Pakistan Stock Exchange (PSX).

The transaction was conducted in the Central Depository Company (CDC) form and falls under the 'Ready' market category. According to information available from the Pakistan Stock Exchange (PSX), such disclosures are mandated under clause 5.6.4 of the PSX Regulations, which requires listed companies to report any share transactions executed by directors, their spouses, and substantial shareholders to maintain transparency in trading activities.

The PNSC has confirmed that this transaction will be reviewed in the upcoming board meeting. The board will examine the transaction details to identify any potential non-compliance with the PSX Regulations. The outcome of this review will subsequently be communicated to the Exchange, ensuring alignment with regulatory expectations.

This disclosure reinforces the regulatory framework's emphasis on transparency and accountability among publicly listed companies and their stakeholders.