Karachi: First Fidelity Leasing Modaraba (FFLM) has been officially placed in the "Non-Compliant Segment" by the Pakistan Stock Exchange (PSX) due to failure to pay a penalty within the specified time frame. The announcement was made in a report dated November 13, 2026, and the effective date for this designation is set for November 16, 2026.

The penalty relates to a violation of Clause 5.21.1 of the PSX Regulations, which FFLM did not address promptly. According to information available from the Pakistan Stock Exchange (PSX), the company is mandated to resolve the non-compliance by settling the outstanding dues within ninety days from the notice date. This establishes a compliance deadline of February 10, 2027.

The PSX Regulations stipulate that failure to rectify this non-compliance within the allotted period could lead to further actions. These actions, as outlined in Clause 5.11.3 (d), may include the issuance of a Risk Warning Alert concerning FFLM.

This development places FFLM under increased scrutiny within the designated market category, compelling the company to address the regulatory breach promptly to avoid potential escalation of regulatory measures.