Multiple Companies Report Lost Share Certificates

Karachi: Several major Pakistani companies have reported the loss of share certificates, impacting significant holdings across a variety of sectors. The companies affected include Indus Motor Company Limited, Hascol Petroleum Limited, The Searle Company Limited, Ghandhara Industries Limited, Pakistan State Oil Company Limited, Gadoon Textile Mills Limited, IBL Healthcare Limited, Faysal Bank Limited, Pakistan International Bulk Terminal Limited, Standard Chartered Bank (Pakistan) Limited, and Habib Bank Limited.

The losses were reported as of August 16, 2024, and span both verified and unverified transfer deeds. According to information available from the Pakistan Stock Exchange (PSX), the notice has prompted an advisory to all members of the exchange, instructing them not to engage in transactions involving the specified certificates.

If no objections are raised within seven days from the notice’s circulation, the respective companies will issue duplicate share certificates to the shareholders concerned.