Stockbrokers Association expresses resentment over approval of NBR in haste
KARACHI: PSX Stockbrokers Association (PSA) expressed its astonishment over the approval of New Broker Regime (NBR) in haste despite the issue is fixed for discussion before the National Assembly’s Standing Committee on Finance, Revenue & Economic Affairs on February 6.
In a statement here on Monday, the PSA said that the matter of New Broker Regime (NBR) was fixed for consideration and call notices had been issued to all the stakeholders for February 6, 2020 and the SECP draft for proposed Broker Business Model has not only been approved but also sent for Gazette Notification.
PSA said Secretary NA Standing Committee when contacted and informed of the development, he remarked that it had never happened in the past. He further informed that despite what has happened meeting fixed for February 6, 2020, is on and all parties summoned must attend the same.
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