Karachi: The Pakistan Stock Exchange (PSX) has announced the suspension of trading for the shares of Pakistan Hotels Developers Limited. The suspension follows the company's decision to initiate voluntary winding-up proceedings, as per a special resolution passed under Clause 5.11.2.(d) of the PSX Regulations. The trading halt will remain effective until the company is delisted after meeting the necessary requirements or for an alternative period of 60 days starting from July 20, 2025.

According to the notice released on July 18, 2025, this action is in line with the powers granted to the Exchange under Sub-Section (7) of Section 19 of the Securities Act, 2015, and clause 5.11 of the PSX Regulations. The suspension aims to ensure orderly market operations and protect investor interests during the company's winding-up process.

According to information available from the Pakistan Stock Exchange (PSX), the decision is part of the regulatory framework that governs the trading activities of companies listed on the exchange. Market participants have been advised to take note of this development, as it impacts the designated market category of the company's shares.

The voluntary winding-up of Pakistan Hotels Developers Limited marks a significant phase in the company's operational timeline. The PSX has assured stakeholders that all necessary protocols are being followed to facilitate a smooth transition during this period.