Karachi: Pakistan Petroleum Limited (PPL) has revealed a compliance lapse involving one of its executives concerning share transactions, as per a letter dated June 17, 2025. The company disclosed that Mr. Kamran Sher, an executive at PPL, did not inform the company about his transactions within the stipulated time frame, leading to a breach of Pakistan Stock Exchange Limited Regulations.

According to the details, Mr. Sher conducted two transactions in May 2025. On May 26, he purchased 1,000 shares at the price of Rs 165.35 per share, and subsequently sold the same number of shares on May 29 at Rs 167.70 per share. The transactions were conducted electronically within the Central Depository System (CDS). These transactions resulted in Mr. Sher holding no cumulative shares in the company.

The executive cited an inadvertent error as the reason for the non-disclosure. He expressed regret for the oversight and requested forgiveness for the non-compliance. The company has cautioned him to adhere strictly to the regulations in the future, particularly emphasizing compliance with clause 5.6.4 of the Pakistan Stock Exchange Limited Regulations.

The market category designated for this event is the Pakistan Stock Exchange (PSX). According to information available from the Pakistan Stock Exchange (PSX), such disclosures are vital for maintaining transparency and investor confidence in the market.

In response, PPL has sought leniency for Mr. Sher’s non-compliance, emphasizing his commitment to future adherence to the regulations. The company expressed hope that this isolated incident would be excused. The transactions reflected a Minor move in the share price, illustrating their negligible impact on the overall market.