Karachi: The Pakistan Stock Exchange (PSX) has announced that M/s. Trust Investment Bank Limited and M/s. Safa Textiles Limited will continue to face trading suspensions due to unresolved regulatory issues. This decision follows previous notices, PSX/N-335 and PSX/N-336, issued on March 27, 2025, regarding the same matter.

On May 27, 2025, the PSX reiterated the suspension of trading for these companies, citing that the causes for suspension have yet to be addressed. Trust Investment Bank Limited has faced multiple defaults of PSX regulations, including 5.11.1.(b)(c)(d)(h) and 5.11.2.(a). The company has not conducted its Annual General Meetings, failed to submit Annual Audited Financial Statements, neglected payment of dues to the Exchange, had its IFS license canceled by the Securities and Exchange Commission of Pakistan (SECP), and is under an SECP order for winding-up proceedings.

Similarly, Safa Textiles Limited has not met the requirements under regulations 5.11.1.(b)(c)(d), failing to hold its Annual General Meetings, submit Annual Audited Financial Statements, and pay dues to the Exchange.

According to information available from the Pakistan Stock Exchange (PSX), the decision to maintain the trading suspension will remain effective until the companies rectify the suspension causes or for another period of 60 days starting from May 30, 2025. The action 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 PSX's actions underscore the regulatory framework governing the securities market and ensure compliance with financial and operational transparency standards. The designated market category for these companies remains under scrutiny as the Exchange enforces these regulations.