Karachi: Pakistan Refinery Limited (PRL) has announced that its Board of Directors will convene a meeting on February 3, 2025, at 11:30 AM in Karachi. The primary agenda of this meeting is to consider the company's half-yearly accounts for the period ending December 31, 2024, and to potentially declare any entitlements.

In compliance with the Pakistan Stock Exchange (PSX) regulations, the company has declared a closed period from January 27, 2025, to February 3, 2025. During this time, no Director, CEO, or Executive of PRL will be allowed to directly or indirectly engage in any dealings with the company’s shares. This measure is in accordance with the PSX regulation 5.6.1(d), ensuring transparency and fairness in the market.

According to information available from the Pakistan Stock Exchange (PSX), the closed period is a standard practice for companies preparing for significant financial disclosures. It helps to prevent insider trading and maintains the integrity of the financial markets.

TRE Certificate Holders of the Exchange have been duly informed of this development, as the company continues to adhere to its commitment to regulatory compliance and corporate governance. PRL operates within the designated market category of oil and gas, playing a crucial role in the refining sector of Pakistan’s economy.