KARACHI: The Pakistan Stock Exchange (PSX) issued a compulsory buyback direction on Wednesday to Saudi Pak Leasing Company Ltd after the company failed to rectify its non-compliance of regulations.

The Securities and Exchange Commission of Pakistan cancelled the licence of the leasing company, which resulted in its placement on the defaulter segment recently.

The PSX, which is the front-line regulator of listed entities, has told the leasing company to rectify the non-compliance by Sept 22 or comply with the buy-back direction.

Published in Dawn, September 8th, 2022