Karachi, August 12, 2020: Pakistan Stock Brokers Association (PSBA) is pleased to announce that in accordance with the law, applicable to the Trade Organizations, it has completed all the legal formalities in order for it to be operational.
The Securities and Exchange Commission of Pakistan has incorporated the Association as required under Trade Organization Rules, 2013, following the license granted by the Ministry of Commerce, Government of Pakistan.
Today, PSBA held its second meeting under the Chairmanship of Mr. Aqeel Karim Dhedhi in the presence of the members of Executive Committee, Mr. Azneem Bilwani, Mr. Hamad Nazir Kehar, Mr. Muhammad Adil Ghaffar, Mr. Muhammad Afzal, Mr. Muhammad Munir Khanani, Mr. Noman Abdul Majeed Adam, Mr. Yasir Mahmood, Mr. Zahid Latif Khan, and Secretary General, Mr. Bilal Farooq Zardi.
The house accordingly declared the Association to be operational in its entirety. The Executive Committee in addition to the operational matters discussed certain plans for the development of the Capital Market and protection of the rights of its members. The meeting emphasized to endeavor its best possibilities for the promotion of the Stock Brokerage Industry.
The house was of the consensus that to announce the formation of the Association in a proper fashion, we will have an event for the introduction of PSBA, and to honor the opening ceremony we will request Advisor to Prime Minister on Finance & Revenue to join us. In addition to it, the members of the Association, the officials from the Mutual Fund Industry, Banks as well as Board of Directors of the Exchange will also be requested to join.
The meeting had a vote of thanks to and from the chair.
