Karachi: Pakistan International Bulk Terminal Limited (PIBT) has announced that its Board of Directors will convene on Monday, September 21, 2026, to deliberate on the financial statements for the fiscal year ending June 30, 2026. The meeting is slated to commence at 12:30 p.m. at the company's registered office.
A "Closed Period" has been instituted by PIBT, effective from Monday, September 14, 2026, through Monday, September 21, 2026, in adherence to Clause 5.6.4 of the Rule Book of the Pakistan Stock Exchange (PSX). During this interval, no member of the board, including the CEO and other executives, is permitted to engage in the trading of the company's shares.
According to information available from the Pakistan Stock Exchange (PSX), the closed period is a compliance measure designed to ensure that the directors, CEO, and executives of the company refrain from trading in the company's shares, thereby maintaining transparency and preventing insider trading.
The directive for the closed period was communicated to the Trading Right Entitlement (TRE) Certificate Holders of the exchange to ensure all parties are informed and in compliance with the regulations. The decision aligns with the Code of Corporate Governance and the specific guidelines of the PSX Rule Book.
This precautionary measure underscores PIBT's commitment to adhering to corporate governance standards and maintaining the integrity of its financial disclosures, as the board prepares to review and approve the financial outcomes for the previous fiscal year.