Karachi: The financial sector in Pakistan is witnessing a concerning development as multiple share certificates have been reported lost by two major banks. These incidents were made public in a report dated October 29, 2026, by THK Associates (Pvt.) Limited, highlighting the loss of share certificates from MCB Bank Limited and The Bank of Khyber.

In MCB Bank Limited, a significant number of share certificates have gone missing. For the folio number 89686, Sardar Lutf Ali Khan, residing at Qasr-e-Yousuf Officers Colony, Rajanpur, reported the loss of 335 shares. In another case involving folio number 86621, Mr. Mahboob Ahmed from Kohsar Towns near Bilal Masjid, Nawan Sehar Town Comity, Abbottabad, reported 193 shares as missing. Additionally, for folio number 96458, Mr. Gulfam Ahmed, based in Kashana Azizan Sardar Manzil, Manak Batti High School, Islam Nagar, Hyderabad, notified the loss of 21 shares.

The Bank of Khyber has also reported missing share certificates. Uzma Sarwar, located at 58-H, Kashmir House, Block-6, PECHS, Karachi, informed the loss of 114 shares from one certificate and 108 shares from another, totaling 222 shares.

According to information available from the Pakistan Stock Exchange (PSX), these losses have raised concerns among investors and stakeholders in the designated market category. The incidents have prompted the banks to initiate investigations to secure the interests of their shareholders and prevent further occurrences.

As the situation develops, stakeholders await further updates on the measures being undertaken by the banks to recover the lost certificates and ensure the security of shareholders' investments.