CB extends Perpetual Treasuries suspension for 6 months

The Central Bank yesterday extended the suspension of primary dealer Perpetual Treasuries for a further six months to continue its investigations, the monetary authority said in a statement.  

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 Ltd. (PTL) from carrying on the business and activities of a primary dealer 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, it said.