Perpetual Treasuries suspension extended

Saturday, 5 January 2019 00:00 - - {{hitsCtrl.values.hits}}

The Central Bank yesterday said the suspension of business of Perpetual Treasuries Ltd. had been extended for six months to facilitate ongoing investigations.

The Monetary Board of the Central Bank, acting in terms of the regulations made under the Registered Stock and Securities Ordinance and the Local Treasury Bills Ordinance, has decided to extend the suspension of Perpetual Treasuries from carrying on the business and activities of a Primary Dealer, the Central Bank said in a statement.

The extension will be for a period of six months with effect from 4.30 p.m. today, in order to continue the investigations being conducted by the Central Bank.

In July 2018, the Central Bank extended a suspension that was put in place in January that year. The ban was initially imposed in July 2017.