Karachi: In a notable development, Philip Morris (Pakistan) Limited and Oil & Gas Development Company Limited have reported the loss of share certificates. The announcement was made by CDC Share Registrar Services Limited in a report dated November 2, 2026.

Philip Morris (Pakistan) Limited, which operates within the designated market category of the tobacco industry, disclosed a substantial loss of 3,931 share certificates. The certificates were previously owned by the deceased shareholder, Mr. Mohammad Sultan. The breakdown of the lost certificates includes a diverse range of scrip numbers and distinctive numbers, with individual quantities varying from as low as 2 to as high as 758 shares per certificate.

Meanwhile, Oil & Gas Development Company Limited, a prominent entity in the energy sector, reported the loss of 1,000 share certificates. These were held by Mr. Ateeq Ahmad, with Farida Ateeq as the joint holder. The scrip numbers and distinctive numbers associated with these shares were also detailed in the report.

Further complicating the situation, the Pakistan Stock Exchange received a report dated September 3, 2026, which outlined additional losses across multiple companies. Among these, BankIslami Pakistan Limited, IBL Healthcare Limited, The Searle Company Limited, Fatima Fertilizer Company Limited, Pakistan State Oil Company Limited, and National Foods Limited reported significant incidents of missing share certificates. According to information available from the Pakistan Stock Exchange (PSX), these reports highlight the challenges faced by companies in maintaining the security of share certificates.

The cumulative effect of these losses underlines the need for heightened vigilance and improved security measures within the industry to safeguard shareholder assets.