Karachi: In response to recent media reports suggesting undisclosed material information by Pakistan National Shipping Corporation (PNSC), the company has clarified its position. On August 08, 2024, a news article published on brecorder.com hinted at potentially undisclosed sensitive information affecting PNSC's operations. According to information available from the Pakistan Stock Exchange (PSX), the company addressed the issue following regulatory guidelines.

PNSC explicitly denied receiving any report that matches the description provided in the media. The corporation emphasized its commitment to transparency and its regulatory obligations under PSX Regulation 5.6.1, which mandates the disclosure of any price-sensitive information. "We understand the importance of ensuring that our shareholders and the market are informed promptly and accurately about any developments that could influence investment decisions," stated a representative from PNSC.

Further, PNSC reassured stakeholders that all necessary information has been fully disclosed to the market, ensuring no discrepancies in compliance with stock exchange regulations. This response aims to maintain investor confidence by affirming the corporation's adherence to high disclosure standards.