After receiving clearance from the Securities and Exchange Commission of Pakistan (SECP), the apex stock exchange said in a notice on Tuesday that Farrukh H. Sabzwari, a seasoned investment banker, has been appointed as the Chief Executive Officer (CEO) of the Pakistan Stock Exchange (PSX) for a three-year term.
“Following our previous announcement dated August 29, 2024, please be informed that upon the recommendation of the Board of Directors of PSX, the SECP has approved the appointment of Farrukh H Sabzwari as the CEO of PSX for a period of three years, in terms of the Securities Exchanges (Licensing and Operations) Regulations, 2016,” according to the notice issued by the PSX.
The date of Sabzwari’s appointment as PSX CEO is November 18, 2024.
