Pakistan Services Limited (PSL), owner and operator of the Pearl-Continental Hotels chain, has deferred its upcoming election of directors following directives from the Islamabad High Court, the company said in a notice to the Pakistan Stock Exchange (PSX).
The board of directors, in a meeting held on February 23, 2026, decided to postpone the elections that were scheduled for March 29, 2026, in compliance with court orders.
According to the company’s disclosure, the Islamabad High Court has suspended the operation of certain impugned notices relating to the acquisition of shares and the holding of fresh elections. The court has also restrained certain respondents from interfering in the management or affairs of the company.
More significantly, the court directed that the operation and effect of the disputed share transfers remain suspended and that status quo be maintained with respect to the company’s shareholding structure, composition of the board of directors, and overall control and management.
Pakistan Services Limited said the elections will remain deferred until further orders from the court.
