Karachi: In a recent development, Intermarket Securities Limited has announced its decision to alter its financial year-end from December to June, a move that is currently pending approval from relevant tax authorities and other regulatory bodies. This strategic shift was agreed upon during the company’s last Board of Directors meeting and is aimed at aligning the company’s financial reporting with specific operational or strategic requirements.

The change in the financial year is subject to obtaining requisite approvals, and the company is actively engaged in the application process with the tax authority to formalize this transition. Once the necessary approvals are secured, the company has committed to promptly inform all stakeholders and concerned parties.

According to information available from the Pakistan Stock Exchange (PSX), this move by Intermarket Securities Limited may also influence how the company is perceived in the designated market category, potentially impacting investor strategies and market performance evaluations. The company’s proactive communication approach seeks to ensure transparency and maintain stakeholder confidence during this transition phase.

On the date of the announcement, Intermarket Securities Limited emphasized the importance of keeping all concerned parties informed throughout the process. The company is expected to provide timely updates as the situation progresses, ensuring that both regulatory requirements and stakeholder expectations are met effectively.