Karachi: Pakistan Oilfields Limited has reported a transaction involving one of its senior executives, according to documentation submitted under Pakistan Stock Exchange (PSX) Regulation 5.6.4. The disclosure, dated October 8, 2025, highlights the sale of shares by Mr. Naazir Naeem, who holds the position of Executive Finance within the company.

The transaction took place on October 6, 2025, involving the sale of 1,775 shares at a rate of 735.63 per share. The transaction was executed in a market-ready form and involved shares held in the Central Depository Company (CDC). According to information available from the Pakistan Stock Exchange (PSX), the percentage of shares transacted did not result in a very large or significant move in the market.

The company has confirmed that this transaction will be reviewed at the upcoming board meeting in adherence with clause No. 5.6.4 of PSX Regulations. It has also been verified that the holding period for the shares sold exceeded six months. Should any transaction occur within a six-month period, the profit must be deposited with the Securities and Exchange Commission of Pakistan (SECP), as mandated by Section 105 of the Securities Act, 2015, with notification to PSX.