Karachi, November 14, 2024 — EFG Hermes Pakistan Limited has officially announced the effective date for the operational merger of Intermarket Securities Limited into EFG Hermes Pakistan. The merger is set to take effect on November 18, 2024. This integration follows an arrangement approved by the Honorable Sindh High Court on October 9, 2024.
The management of EFG Hermes Pakistan has been working diligently to complete the operational and legal aspects of the merger, which aims to enhance business continuity under a unified platform. The merger facilitates integration with the Pakistan Stock Exchange (PSX), Central Depository Company (CDC), and National Clearing Company of Pakistan Limited (NCCPL), ensuring smoother operations and greater efficiency for stakeholders.
As part of the merger process, the company has submitted the TREC Certificate and licenses of Intermarket Securities Limited for cancellation. The operational activities will now proceed under TREC Code 091, replacing the previous TREC Code 124. The changes will be updated across PSX, CDC, and NCCPL records accordingly.