PSX hosts visit by Chairman SECP for session on regulatory reforms & development

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Pakistan Stock Exchange (PSX) hosted a visit by the Chairman, Securities & Exchange Commission of Pakistan (SECP), Mr. Aamir Khan, and his team, including Mr. Asif Iqbal, Head of Department PRDD-SMD, whereby they were welcomed by the Chairperson PSX, Dr. Shamshad Akhtar; MD & CEO PSX, Mr. Farrukh H. Khan; PSX Board Members and senior management.

The Chairman SECP, held a meeting with the PSX team and market participants which included representatives of more than a 100 TREC Holders. The CDC CEO, Mr. Badiuddin Akber, and NCCPL CEO, Mr. Muhammad Lukman, were also present at the session.

The objective of the meeting was to review all facets of capital market development, challenges, current progress, outstanding developments, and to revisit the overall vision set out for capital market development.

The meeting was well attended by the securities brokerage industry. While Karachi based brokers participated physically, brokers from Islamabad and Lahore joined the session through a video link. In the session, senior market participants including Mr. Munir Khanani from Munir Khanani Securities, Mr. Rizwan Khan from JS Global Securities, Mr. Noman Adam from Adam Securities, Mr. Mohammad Sohail from Topline Securities, and Mr. Afroze Merchant from Merchant Investments among

others made valuable suggestions which were noted by the Chairman and the SECP team as well as the PSX management.

Mr. Aamir Khan stressed the need for developing the capital market through focus on increasing the investor base and enhanced investments by brokerage industry on expanding their IT infrastructure. He further commented that these consultative sessions with the market stakeholders will continue as an on-going process.

Speaking at the occasion, the PSX MD & CEO, Mr. Farrukh Khan, stated, “We welcome the Chairman SECP, Mr. Aamir Khan who, along with the capital market stakeholders and market participants, is keen to address matters pertaining to development of the capital market, with particular focus on business and regulatory reforms made in the recent past. I would like to acknowledge and thank the Chair, SECP team, the PSX team along with the TREC Holders for their commitment to the progress and

enhancement of the capital market. This effort is part of significant number of steps taken to grow the capital markets, increase the number of investors, facilitate and encourage larger number of issuers, as well as introduce new products to enhance the capital market experience for all market participants”

 

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