Chairman NA’s Standing Committee assures stockbrokers to resolve issues soon
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ISLAMABAD: Chairman National Assembly’s Standing Committee on Finance, Faiz Ullah Kamoka, has assured the stockbrokers’ association for inviting Chairman Federal Board of Revenue (FBR) Shabbar Zaidi, Chairman SECP Policy Board Khalid Mirza, besides Chairman SECP to discuss and resolve the brokers’ issue soon.
A body of Pakistan Stockbrokers Association representatives has met with the Chairman National Assembly Standing Committee on Finance Faiz Ullah Kamoka on Thursday’s morning and discussed the issues of medium size brokers with him.
The sources in the association said that the brokers association has totally rejected the proposed New Brokers Regime (NBR) and said if it is implemented they have to close their businesses. Most of them are doing this brokerage house business for the last 40-50 years.
The sources claimed that the association’s representatives also discuss Securities Definition and Section 169 of Securities Act 2015 with the chairman NA’s Standing Committee.
They informed that loss incurred on PSX sponsor shares has been included in agenda items of NA Assembly’s Standing Committee on Finance meeting to be held next Tuesday/Wednesday.
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