Karachi, The suspension of trading in shares of M/s. Safa Textiles Limited will continue. The company has not addressed the reasons for the initial suspension, including failing to hold the Annual General Meetings, non-submission of Annual Audited Financial Statements, and non-payment of dues to the Exchange. According to information available from the Pakistan Stock Exchange (PSX), this decision is effective for a further period of 60 days starting from June 04, 2024.

The continuation of the suspension is in accordance with the powers vested in the Exchange under Sub-Section (7) of Section 19 of the Securities Act, 2015, and clause 5.11 of the PSX Regulations.