SHC suspends SECP order declaring SEPL as public sector company

MG News | February 27, 2025 at 04:49 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

February 27, 2025 (MLN): Security Papers Limited (PSX: SEPL) on Thursday disclosed that the Sindh High Court (SHC) has suspended the operation of the SECP’s Appellate Bench order that classified SPL as a Public Sector Company.

The appeal was filed against the SECP’s ruling dated January 26, 2024, which was upheld by the Appellate Bench on February 7, 2025, based on the shareholding of certain entities.

Following preliminary arguments on February 26, 2025, the SHC ordered the suspension of the impugned order. The company has assured its stakeholders of further updates as the legal proceedings progress.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	166,854.63 114.24M	0.87% 1437.12
ALLSHR	101,274.44 337.08M	0.93% 928.38
KSE30	49,500.15 41.05M	0.94% 461.66
KMI30	241,102.41 57.72M	0.97% 2304.48
KMIALLSHR	65,769.47 213.61M	0.93% 607.50
BKTi	45,938.80 4.13M	0.81% 371.06
OGTi	33,897.34 4.39M	1.02% 340.94

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	81,415.00	82,000.00 80,225.00	-410.00 -0.50%
BRENT CRUDE	104.12	105.83 103.64	-1.94 -1.83%
RICHARDS BAY COAL MONTHLY	128.50	0.00 0.00	0.20 0.16%
ROTTERDAM COAL MONTHLY	144.90	0.00 0.00	-0.10 -0.07%
USD RBD PALM OLEIN	1,167.50	1,167.50 1,167.50	0.00 0.00%
CRUDE OIL - WTI	94.02	95.31 93.58	-1.07 -1.13%
SUGAR #11 WORLD	20.75	20.84 20.60	-0.09 -0.43%