PSBA completed all legal formalities to be functional

KARACHI: Pakistan Stock Brokers Associations (PSBA) announced that it has completed all the legal formalities in accordance with the law applicable to the Trade Organizations. The PSBA also said that it would be properly announced in a maga event soon.

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.

Today, PSBA held its second meeting under the Chairmanship of Aqeel Karim Dhedhi in presence of the members of Executive Committee, Azneem Bilwani, Hamad Nasir Kehar, Muhammad Adil Ghaffar, Muhammad Afzal, Muhammad Munir Khanani, Noman Abdul Majeed Adam, Yasir Mahmood, Zahid Latif Khan and Secretary Bilal Farooq Zardi,

The house accordingly declared the Association to be operational in its entirety. The Executive Committee in addition to the operational matter discussed certain plans for the development of the Capital Market and protection of the rights of its members. The meeting emphasized to endevour 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 ceremony, we will have an event for the introduction of PSBA, and to honour 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.