TRG Pakistan directors get temporary relief from defamation proceedings

News Image

MG News | March 24, 2023 at 09:12 AM GMT+05:00

March 24, 2023 (MLN): The High Court of Sindh (SHC) has temporarily halted all defamation-related proceedings against various individuals, including certain directors of TRG Pakistan Limited (TRG), the company's filing on PSX revealed today. 

These proceedings had been initiated by the former CEO of the Company at the District and Sessions Court (trial court) in Karachi.

This development came in the wake of our previous disclosure on February 23, 2023, which reported that the company's directors had lodged appropriate legal applications in SHC to challenge, among other things, the issuance of bailable warrants by the trial court.

The directors had claimed that the proceedings were riddled with illegalities, infirmities, and jurisdictional errors, and the SHC had responded by issuing an order on February 22, 2023, suspending the issuance of bailable warrants, at least for the time being.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 179,442.12
270.27M
0.98%
1749.21
ALLSHR 108,500.47
503.47M
0.91%
973.08
KSE30 53,511.96
95.62M
0.92%
489.08
KMI30 256,509.95
90.35M
0.68%
1720.69
KMIALLSHR 70,508.97
345.16M
0.82%
571.83
BKTi 48,753.42
20.03M
1.64%
786.78
OGTi 37,021.88
3.86M
0.51%
188.22
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 62,660.00 63,045.00
62,390.00
295.00
0.47%
BRENT CRUDE 76.07 77.00
75.85
-1.01
-1.31%
RICHARDS BAY COAL MONTHLY 115.00 0.00
0.00
0.50
0.44%
ROTTERDAM COAL MONTHLY 125.90 125.90
125.90
-0.15
-0.12%
USD RBD PALM OLEIN 1,157.50 1,157.50
1,157.50
0.00
0.00%
CRUDE OIL - WTI 72.27 73.18
72.03
-0.94
-1.28%
SUGAR #11 WORLD 13.94 13.96
13.83
-0.01
-0.07%

Chart of the Day


Latest News
June 24, 2026 at 12:45 PM GMT+05:00

Gold drops to $4,078 on U.S Fed tightening fears


June 24, 2026 at 11:57 AM GMT+05:00

PPL's BLZ project enters execution phase


June 24, 2026 at 11:49 AM GMT+05:00

FBR committee pledges EFS fixes



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg