Karachi, The suspension of trading in shares of M/s. Trust Investment Bank Limited will persist. According to information available from the Pakistan Stock Exchange (PSX), the company has yet to rectify non-compliances including failing to hold Annual General Meetings, non-submission of Annual Audited Financial Statements, and non-payment of dues to the Exchange. Additionally, the SECP has cancelled the bank's IFS license and issued an order to initiate winding-up proceedings. The trading suspension is set to continue for an additional 60 days starting June 04, 2024.

This decision has been made under the powers given to the Exchange by Sub-Section (7) of Section 19 of the Securities Act, 2015, and clause 5.11 of the PSX Regulations.