Karachi: The Pakistan Stock Exchange (PSX) has announced the continuation of trading suspension for two companies, M/s. National Fibres Limited and M/s. Prudential Investment Bank Limited, due to their failure to comply with PSX regulations. This development follows a previous notice issued on June 5, 2025, regarding the same matter.

The decision to prolong the trading suspension comes after both entities did not address the reasons for their initial suspension. The companies failed to conduct their Annual General Meetings, submit their annual audited accounts, pay their dues to the Exchange, and induct their ordinary shares into the Central Depository System (CDS). Additionally, the Securities and Exchange Commission of Pakistan (SECP) has filed winding-up petitions against these companies in court.

According to information available from the Pakistan Stock Exchange (PSX), the suspension will remain effective until the companies rectify these compliance issues or for an additional period of 60 days starting August 7, 2025. The measure was taken under the authority granted to the Exchange by Sub-Section (7) of Section 19 of the Securities Act, 2015, and clause 5.11 of the PSX Regulations.

The decision reflects the Exchange's ongoing efforts to enforce regulatory compliance within the designated market category. Both companies remain under scrutiny as the PSX ensures adherence to its operational standards.