Karachi: The Pakistan Stock Exchange (PSX) has announced the continued suspension of trading in the shares of three companies due to non-compliance with various regulatory requirements. This decision follows an earlier notice issued on July 9, 2025, highlighting the persistent regulatory defaults by these companies.
The affected companies are Shaffi Chemical Industries Limited, Standard Worldwide Limited (formerly Standard Insurance Company), and Mohib Exports Ltd. Each company faces specific regulatory issues leading to the suspension of their trading activities.
Shaffi Chemical Industries Limited has halted its commercial production and business operations in its primary sector. Additionally, it has failed to meet its financial obligations to the Exchange, prompting a winding-up petition filed by the Securities and Exchange Commission of Pakistan (SECP) in court.
Standard Worldwide Limited has ceased its primary business operations and has failed to convene its Annual General Meetings. The company has not submitted its audited annual accounts and has not incorporated its ordinary shares into the Central Depository System (CDS). The statutory auditor issued a Disclaimer of opinion in the audit report, and SECP has filed a winding-up petition against the company.
Mohib Exports Ltd has not held its Annual General Meetings nor submitted its audited annual accounts. It also owes dues to the Exchange, has not inducted its ordinary shares into the CDS, and is facing a winding-up petition by the SECP.
According to information available from the Pakistan Stock Exchange (PSX), the trading suspension will remain in effect until the companies address the causes of their suspension or until an additional 60 days, effective from September 8, 2025.
The PSX’s decision is based on its authority under Sub-Section (7) of Section 19 of the Securities Act, 2015 and Clause 5.11 of the PSX Regulations. This decision falls under the designated market category of regulatory compliance, reflecting the Exchange’s commitment to maintaining market integrity and transparency.