Karachi: TRG Pakistan Limited has been impacted by a recent legal development following an Order from the United States District Court for the Southern District of New York. On June 10, 2026, the court issued a ruling restraining the company's former CEO, Zia Chishti, from pursuing litigation based on previously released claims. This Order, effective until July 1, 2026, follows a prior ruling on May 12, 2026, which permanently barred claims by Mr. Chishti against TRG Pakistan Limited and its affiliates concerning actions before January 10, 2022.

The initial May 12 Ruling had released claims that formed the basis of various legal proceedings initiated by Mr. Chishti, including a shareholder oppression petition in the Sindh High Court. The recent Order further enjoins Mr. Chishti from pursuing claims in any forum globally, including Pakistani litigation, in line with the court's earlier decisions.

According to information available from the Pakistan Stock Exchange (PSX), TRG Pakistan Limited is currently evaluating its legal options in response to the Southern District of New York's ruling. The ongoing legal situation highlights the complexities of international litigation involving corporate entities and their former executives.

The Southern District of New York has directed additional briefings from the involved parties and is assessing whether further injunctive measures are necessary. This legal development marks a significant moment for TRG Pakistan Limited as it navigates the implications of the court's decisions on its operations and governance.