#Pakistan #Islamabad #TRG International #GHT #Mr. Zia Chishti

TRG International Responds to Supreme Court Ruling in Pakistan

On May 11, 2026, TRG International Limited, a global leader in technology-enabled services, acknowledged the latest ruling from the Supreme Court of Pakistan (SCP), which dismissed appeals from TRG International and its affiliates. This decision centers around a contentious June 2025 order from the Sindh High Court (SHC) that annulled the 30% shareholding held by Greentree Holdings Limited (GTH) in TRG Pakistan, a subsidiary that houses substantial assets and influences global operations.

The order issued by the SCP was notably brief, signaling a need for a more comprehensive justification that is expected to follow in due course. However, TRG International's initial evaluation indicates significant risks emanating from this ruling, particularly concerning the US$90 million investment into Pakistan, which is now in jeopardy. Concerns grow that this verdict could be seen as a deviation from conventional corporate legal principles, which typically safeguard foreign investments and shareholder rights, potentially deterring future foreign investors.

Furthermore, the cancellation of GTH's shares in TRG Pakistan is not merely an isolated issue; it fundamentally alters the voting dynamics within the company. With GTH’s stake removed, influence shifts towards Mr. Zia Chishti, the former CEO of TRG, who has been a central figure in ongoing legal discourses. The implications of Mr. Chishti's increasing control are unsettling for TRG International, especially given his controversial history, which could introduce risks related to governance and corporate reputation.

In light of the potential for Mr. Chishti's renewed involvement in management decisions, TRG International reassures stakeholders of its commitment to implementing rigorous governance mechanisms. The organization is keen on ensuring that its operational health and stakeholder interests remain unscathed, regardless of unfolding events at TRG Pakistan. Governance frameworks have been fortified to provide protections for business interests, asset management, and investment portfolios amidst this uncertain landscape.

The context is particularly challenging, as Mr. Chishti’s shares in TRG International were recently placed under receivership by the Supreme Court of Bermuda, emphasizing the complexities that TRG International navigates on both national and international fronts. Over the last few years, the company has successfully navigated various legal disputes in the United States and Bermuda, addressing issues such as share ownership pledges and creditor engagements.

Despite the turbulence, TRG International is steadfast in its mission, asserting that the uncertainties stemming from control issues over TRG Pakistan under Mr. Chishti could compromise stakeholder confidence and damage the perception of corporate governance within the Pakistani technology sector. The company believes that an amiable settlement is not only beneficial but crucial for safeguarding the future stability and value that all stakeholders are accustomed to.

TRG International's focus remains on protecting its business interests, portfolio companies, and the welfare of its employees and stakeholders. Moving forward, the company is prepared to take any necessary legal actions that affirm its position against threats to its operations and investments.

About TRG International

TRG International operates as a global technology holding company that nurtures and catalyzes the growth of technology-enabled services. With a global workforce of approximately 40,000 employees, the company stands firm on values of strong governance and sustainable development for its diverse portfolio.

For further inquiries and information about TRG International, media representatives can reach out via the official communication channels.