Tuesday, 28 May 2024

The Pakistan Stock Brokers Association is now formally operational


KARACHI: The Pakistan Stock Brokers Association (PSBA) on Wednesday announced. That it completed all legal formalities to become operational. As per the law applicable to trade associations.

The Securities and Exchange Commission of Pakistan (SECP) incorporated the association. As required under the Trade Organization Rules 2013. After the license of the Ministry of Commerce.

The PSBA held its second meeting under the chairmanship of Aqeel Karim Dhedi. In the presence of the members of the Executive Committee. Includes Azeem Balwani, Hamad Nazir Kehar, Mohammad Adil Ghaffar, Mohammad Afzal, Mohammad Munir Khanani, Noman Abdul Majeed Adam, Yasir Mahmood and Zahid Latif. and Secretary General Bilal Farooq Zardari.

The association declared itself fully operational. The executive committee also discussed plans to develop the capital market and protect the rights of its members. The meeting emphasized on exploiting the best opportunities for the development of the stock brokerage industry.

The association has also decided to hold a formal ceremony to introduce the PSBA, and to honor the opening ceremony. The PSBA has also requested the Prime Minister’s Adviser on Finance and Revenue to join them on the occasion. In addition, members of the association, officials of the mutual fund industry, banks as well as the board of directors of the exchange expected to attend the event.

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