Karachi: The Pakistan Stock Exchange has announced the suspension of trading in the shares of Pakistan Hotels Developers Limited following the company's decision to initiate voluntary winding-up proceedings. This move comes after the passage of a special resolution by the company, as indicated in PSX Notice No. PSX/N-1118 dated September 11, 2026.

The suspension, set to take effect from November 12, 2026, will remain in place until the company fulfills the necessary requirements for delisting or for a period of 60 days. This action is in accordance with Clause 5.11.2.(d) of the PSX Regulations, which governs voluntary winding-up proceedings.

According to information available from the Pakistan Stock Exchange (PSX), the decision to suspend trading has been made under the authority granted by Sub-Section (7) of Section 19 of the Securities Act, 2015, and Clause 5.11 of the PSX Regulations. The move ensures compliance with regulatory standards during the winding-up process.

The decision underscores the regulatory framework governing companies listed on the exchange, particularly in situations involving significant operational changes like voluntary liquidation. The market will closely monitor the developments regarding the delisting of Pakistan Hotels Developers Limited as the process unfolds.