PAKISTAN: PSX Announces Amendments to Regulations in Relation to Listing of Companies

Thursday July 17 2025

On 17^th July 2025, Pakistan Stock Exchange (PSX) announced the Securities and Exchange Commission of Pakistan (SECP) approved the amendments proposed in Chapter 5 [Listing of Companies and Securities Regulations] of the PSX Regulations.

Accordingly, a new Clause 5.4A titled “Listing of Companies Pursuant to Approval of Scheme of Arrangement” has been inserted, which prescribes separate requirements relating to the following:

(a) Listed company whose Operating Business Segment is being demerged; and

(b) Unlisted company to be listed through the scheme of arrangement.

In the interest of transparency and minority shareholders, the approved regulations require that the opening price of the shares on the first trading day shall be disseminated within five working days from the dissemination of certified true copy of the Order of the relevant competent authority sanctioning the scheme but not later than the announcement of the final date of book closure by the listed company.

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