Karachi: Trading in the shares of M/s. Pakistan Hotels Developers Limited will be suspended starting May 21, 2025, as the company initiates voluntary winding-up proceedings. This decision follows a special resolution passed by the company and is in accordance with Clause 5.11.2.(d) of the Pakistan Stock Exchange (PSX) Regulations.

The suspension will last until the company is delisted upon meeting the necessary requirements or for another period of 60 days. This action is taken under the authority granted to the Exchange by Sub-Section (7) of Section 19 of the Securities Act, 2015, as well as Clause 5.11 of the PSX Regulations.

According to information available from the Pakistan Stock Exchange (PSX), the move is part of a structured process to ensure regulatory compliance during the winding-up proceedings. The designated market category impacted by this suspension will be closely monitored for any further developments.

The PSX had earlier addressed this matter in its Notice No. PSX/N-304, dated March 21, 2025, signaling the company's intentions to undergo voluntary liquidation. Stakeholders of Pakistan Hotels Developers Limited will be informed of any changes or additional steps as the situation progresses.