ISLAMABAD, Dec 27: The Enforcement and Monitoring Division (EMD) of Securities and Exchange Commission of Pakistan has penalized the chief executives of three listed companies for their failure to prepare and submit to their members quarterly accounts.

According to an official statement, this is the first case dealt with under the rules requiring listed companies to submit quarterly accounts. The companies penalized are M/s Aitern Energy Limited, M/s Wali Oil Mills Limited and M/s Muslim Ghee Mills Limited. — Our Reporter