AIRLINK 176.00 Decreased By ▼ -1.56 (-0.88%)
BOP 11.16 Increased By ▲ 0.11 (1%)
CNERGY 8.28 Increased By ▲ 0.11 (1.35%)
FCCL 47.95 Increased By ▲ 0.63 (1.33%)
FFL 16.39 Increased By ▲ 0.27 (1.67%)
FLYNG 27.23 Decreased By ▼ -0.12 (-0.44%)
HUBC 144.11 Decreased By ▼ -2.80 (-1.91%)
HUMNL 13.65 Increased By ▲ 0.14 (1.04%)
KEL 4.49 Decreased By ▼ -0.01 (-0.22%)
KOSM 5.94 Increased By ▲ 0.03 (0.51%)
MLCF 62.85 Increased By ▲ 0.83 (1.34%)
OGDC 231.00 Decreased By ▼ -3.68 (-1.57%)
PACE 5.83 Increased By ▲ 0.03 (0.52%)
PAEL 45.50 Decreased By ▼ -0.91 (-1.96%)
PIAHCLA 17.95 Decreased By ▼ -0.17 (-0.94%)
PIBTL 10.68 Increased By ▲ 0.11 (1.04%)
POWER 12.06 Increased By ▲ 0.07 (0.58%)
PPL 189.25 Decreased By ▼ -2.55 (-1.33%)
PRL 37.49 Increased By ▲ 0.17 (0.46%)
PTC 23.00 Decreased By ▼ -0.20 (-0.86%)
SEARL 101.00 Increased By ▲ 0.11 (0.11%)
SSGC 39.15 Decreased By ▼ -0.56 (-1.41%)
SYM 15.00 Decreased By ▼ -0.03 (-0.2%)
TELE 7.88 Increased By ▲ 0.04 (0.51%)
TPLP 11.15 Increased By ▲ 0.04 (0.36%)
TRG 66.10 Decreased By ▼ -1.19 (-1.77%)
WAVESAPP 11.13 Decreased By ▼ -0.22 (-1.94%)
WTL 1.36 No Change ▼ 0.00 (0%)
YOUW 3.83 Increased By ▲ 0.06 (1.59%)
BR100 12,923 Increased By 116.1 (0.91%)
BR30 39,341 Decreased By -362.2 (-0.91%)
KSE100 119,731 Increased By 792.8 (0.67%)
KSE30 37,075 Increased By 318.6 (0.87%)

The Board of Directors (BoD) of Pakistan Stock Exchange Limited (PSX) has appointed Nadeem Naqvi, a Shareholder Director, as the interim Chief Executive Officer (CEO) of the company.

The company, engaged in conducting, regulating and controlling the trade in shares, shared the development to the exchange on Thursday.

“Please be informed that Nadeem Naqvi, a Shareholder Director of Pakistan Stock Exchange Limited (PSX), has been appointed as the interim Chief Executive Officer (CEO) by the Board of Directors with approval of the Securities and Exchange Commission of Pakistan,” the PSX informed its stakeholders in a notice.

“Naqvi will assume office as Acting CEO from September 03, 2024, and continue in such role until a permanent CEO is appointed, or November 30, 2024, whichever is earlier,” added the notice.

As per details available on the PSX website, Naqvi is currently the CEO of Habib University Foundation, Karachi.

He was Managing Director of PSX from 2011 till 2017, when he took early retirement and resettled in Toronto, Canada.

Back in July, it was announced that Farrukh Khan resigned from the position of CEO of PSX to “pursue other opportunities”, nearly a year and a half before his tenure was set to end.

Farrukh Khan joined PSX in February 2020 at the time when Covid outbreak took place in Pakistan.

Later on, it was learnt that Farrukh would join telecom operator Jazz as its Chief Financial Officer (CFO),

Farrukh will join the telecom operator with effect from September 15th, 2024, sources confirmed to Business Recorder back then.

“Farrukh brings with him an impressive track record with over 30 years of experience at the helm of major financial institutions,” the source added.

Comments

Comments are closed.