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Pakistan Stock Brokers Association (PSBA) has announced that the Federal Government has granted license to PSBA as a trade organization to represent stock brokers / equity brokerage services on all Pakistan-basis.

The PSBA held its first meeting under the chairmanship of Aqeel Karim Dhedhi in the presence of all the members of Executive Committee, Hamad Nazir Kehar, Muhammad Munir Khanani, Muhammad Adil Ghaffar, Azneem Bilwani, Noman Abdul Majeed, Zahid Latif Khan, Muhammad Afzal, Yasir Mahmood and Jahanzeb Mirza.

The executive body has accordingly approved the appointment of Bilal Farooq Zardi who will be the Secretary General of forenamed organization.

The committee, in addition to the internal discussions, deliberated the matters pertaining to the development of capital market and protection of the rights of its members. The committee stated that we would be pleased to continue the constructive dialogue with all the Government and regulatory authorities for capital market reforms.

Lastly, the chair congratulated the members of Executive Committee and Secretary General and expressed his hope that the Association will endeavour its best possibilities to address the concerns and issues being faced by the stock brokers and will try to get it resolved in due course.-PR

Copyright Business Recorder, 2020

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