PSX proposes 20 new members for board

KARACHI: The board of directors of Pakistan Stock Exchange (PSX) on Thursday proposed 20 independent members, including a woman for the board of directors to the Securities and Exchange Commission of Pakistan (SECP) for an approval, sources said.

The newly elected board of the PSX held a meeting to propose names of 14 members for seven seats of the independent directors. The existing independent directors were attended the meeting just to complete the quorum of board. Out of these 20 proposed members, the SECP will approve seven, including a women director, to complete the process of elections.

The proposed members include Masud Naqvi, Hussain Lawai, Zafar Sobhani, Shabbar Zaidi, Zubair Palwala, Najeeb Ghori, Maliha Bangash, Yun, Usman Asghar, Amjad Pervez, Razi ur Rahman, Qadir Memon, Ali Naqvi, Ali Sultan, Suleman Mehdi, and Naz Khan.

On the other hand, four existing directors proposed as independents are Shehzad Chamdia, Shehzad Dada, Munir Kamal and Moin Fudda.