Perpetual Treasuries Activities Suspended for Six Months by Central Bank
The Central Bank in a statement issued yesterday said, the Monetary Board had suspended Perpetual Treasuries Limited (PTL) from carrying on business and other activities as a Primary Dealer for six months with effect from yesterday (6th), acting in terms of the Regulations made under the Registered Stocks and Securities Ordinance and the Local Treasury Bills Ordinance.
“The Central Bank will take necessary measures to ensure that this regulatory action does not have a disruptive impact on the market,” the statement said.
The CB said that action would also be taken to facilitate the handling of the interests of the customers and counterparties of PTL in an orderly manner.
