Karachi: Shareholders of several prominent Pakistani companies, including National Refinery Limited, National Bank of Pakistan, Pakistan State Oil Company Limited, Oil & Gas Development Company Limited, Allied Bank Limited, and Habib Bank Limited, face a significant dilemma due to the loss of share certificates. According to a notification by CDC Share Registrar Services Limited, various certificates with verified or unverified transfer deeds were reported lost or misplaced as detailed in the annexure provided by the Pakistan Stock Exchange (PSX).
The loss involves a substantial number of certificates across multiple corporations, raising concerns about potential unauthorized transactions. The report outlines specific certificate numbers and associated folio numbers, urging exchange members to refrain from dealing with these certificates until the matter is resolved. Notably, if no objections are filed within seven days from the notice issuance, duplicate certificates will be issued to the concerned shareholders.
According to information available from the Pakistan Stock Exchange (PSX), the certificates range across different sectors from banking to energy, reflecting a broad impact. The reported losses include individual shareholders such as Kashif Ur Rehman, Ali Javed, and others, identified through unique folio numbers. This incident prompts a review of internal controls and urges shareholders to secure their investments carefully.
The financial market is closely monitoring the situation, and CDC Share Registrar Services Limited has committed to rectifying the issue for affected shareholders. The event underscores the critical need for robust security measures in managing share certificates and financial documents.