January 31, 2024 (MLN): Security Papers Limited (PSX: SEPL) intends to challenge the Securities and Exchange Commission of Pakistan (SECP)'s classification of the company as a Public Sector Company, SEPL’s notice to the local bourse disclosed this today.
The reason why the company disagrees with this classification is that it overlooks SEPL's corporate structure as a publicly listed company.
As a result, SEPL intends to challenge this determination through legal avenues, asserting that the decision goes against the international agreement between Pakistan, Iran, and Turkey regarding its status.
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Posted on:2024-01-31T15:31:11+05:00
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