CBSL suspends activities of PTL for another six months

The suspension of Perpetual Treasuries Limited (PTL) from carrying on the business and activities of a Primary Dealer has been further extended, the Central Bank announced today.

Issuing a statement, the Monetary Board, acting in terms of the regulations made under the Registered Stock and Securities Ordinance and the Local Treasury Bills Ordinance, said the suspension has been extended for a further period of six months with effect from 4.30 p.m. on 05th January 2023.

The extension is to allow the Central Bank to continue the investigations that are currently underway.