KARACHI: Pakistan Hotels Developers Ltd (PHDL), a listed company on the Pakistan Stock Exchange (PSX), has closed its operations. On Wednesday, the com­­pany informed the PSX that the decision had been made at an Extra­ord­inary General Body Meeting held on Tuesday. The notice said the shareholders had approved the company’s voluntary winding up. PHDL was incorporated as a private limited company in 1979 as Taj Mahal Hotels Ltd. It was converted into a public limited company in 1981.