Pakistan Services Limited Defers Director Elections After Court Order

On February 24, 2026, Pakistan Services Limited (PSL) announced the deferral of its director elections originally scheduled for March 29, 2026, following a directive from the Islamabad High Court. The court's order, which came after a board meeting on February 23, mandated that the operation of disputed share transfers be suspended and that the current shareholding structure and management remain unchanged. PSL stated, "The elections will remain deferred until further orders from the court," highlighting the legal complexities surrounding the company's governance and share acquisition issues (ProPakistani). This development underscores the significant impact of judicial oversight on corporate governance in Pakistan, particularly in the context of ongoing disputes over share ownership and management control.