Karachi: The Pakistan Stock Exchange (PSX) has imposed an immediate restriction on the trading facility of Zafar Moti Capital Securities (Private) Limited due to non-compliance with regulatory requirements. This decision comes after the firm failed to submit its annual audited financial statements for the financial year ending June 30, 2024, as mandated by PSX Regulations 4.26.

According to information available from the Pakistan Stock Exchange (PSX), every securities broker is required to submit its annual financial statements along with an audit report to the exchange within four months after the end of each financial year. Zafar Moti Capital's non-compliance with this regulation has led to the enforcement of Clause 20.15 of the PSX Regulations, resulting in the restriction of its trading facility.

The trading suspension will remain in effect until further notice, impacting the operations of Zafar Moti Capital. The firm has yet to comment on the situation or provide a timeline for when the required financial statements will be submitted to the PSX.