Karachi: An executive at the National Bank of Pakistan has recently executed a notable transaction involving the purchase of the company’s shares. The disclosure, dated December 23, 2025, details that Karim Akram Khan, an executive at the bank, acquired a significant number of shares on December 18, 2025.
The transaction involved the purchase of 21,000 shares at a rate of 239.9843 per share. This acquisition was executed in the ready market, increasing Khan’s cumulative shareholding to a percentage that remains unchanged at 0.00%, indicating no new significant holding status.
According to information available from the Pakistan Stock Exchange (PSX), the transaction is part of a regulated disclosure requirement under PSX Regulation 5.6.4. This regulation mandates that any transactions executed by directors, executives, substantial shareholders, or their immediate families must be disclosed to maintain transparency and regulatory compliance.
The transaction, executed via the Central Depository Company (CDC), involves a process where details must be presented by the company secretary at the subsequent board of directors meeting. The PSX regulations require these details to be meticulously documented and submitted through the designated Form-30 of the Correspondence Manual via the PUCARS system.
Furthermore, the Securities Act, 2015 mandates that any profits realized from transactions within a six-month period must be reported. If the holding period does not exceed this timeframe, any profits must be returned to the Securities and Exchange Commission of Pakistan (SECP), with intimation to PSX, thereby ensuring compliance with Section 105 of the act.
As part of ongoing regulatory compliance, the National Bank of Pakistan is expected to update the relevant details in the Unique Identification Number (UIN) Management System immediately to reflect the changes in shareholding.