Karachi: The Pakistan Stock Exchange (PSX) has announced the continued suspension of trading in the shares of Trust Investment Bank Limited and Safa Textiles Limited due to unresolved regulatory defaults. This directive extends the previous notice, PSX/N-112, issued on January 23, 2026, with the decision taking effect on March 26, 2026, for a further period of 60 days.

According to the PSX, Trust Investment Bank Limited has failed to comply with several regulations, including failing to hold the Annual General Meetings and non-submission of Annual Audited Financial Statements. Additionally, the company has not paid its dues to the Exchange. The Securities and Exchange Commission of Pakistan (SECP) has also canceled its IFS license and issued an order to initiate winding-up proceedings against the company.

Safa Textiles Limited is facing similar issues, having failed to conduct the Annual General Meetings and not submitting the required Annual Audited Financial Statements. Like Trust Investment Bank, it also has outstanding dues to the Exchange.

According to information available from the Pakistan Stock Exchange (PSX), the decision to keep trading suspended is authorized under Sub-Section (7) of Section 19 of the Securities Act, 2015, and Clause 5.11 of the PSX Regulations. The suspension will persist until the companies rectify their defaults or until the end of the specified 60-day period.