Karachi: The Pakistan Stock Exchange (PSX) has issued a reminder to all relevant listed companies regarding the mandatory compliance with Shariah disclosures, as stipulated in its regulations. This announcement, dated January 23, 2026, is a continuation of Notice No. PSX/N-1283 dated November 27, 2025, which initially communicated the approved amendments to PSX Regulations. These amendments require every listed company and issuer of listed securities, meeting the specified criteria, to report Shariah disclosures in their half-yearly and annual accounts.

This latest communication follows the previous Notice No. PSX/N-1419 dated December 24, 2025, which detailed the list of companies required to adhere to these disclosure requirements. According to information available from the Pakistan Stock Exchange (PSX), the affected companies, whose financial year ends on December 31, 2025, and March 31, 2026, must ensure that they comply with the Shariah disclosure obligations as outlined in the Companies Act, 2017.

The PSX has emphasized the importance of compliance in accordance with Clauses 5.6.9A.2 and 5A.13(e)(ii) of its regulations. Failure to meet these mandatory reporting obligations will result in a fine of PKR 100,000, with an additional penalty of PKR 2,000 for each day the non-compliance persists.

This measure underscores the PSX’s commitment to ensuring transparency and adherence to Shariah principles among listed entities within its designated market category.