ADB delegation holds meeting with PSX Stockbrokers Association

News Image

MG News | December 02, 2019 at 09:05 PM GMT+05:00

0:00

December 02, 2019: A delegation of Asian Development Bank (ADB) on Monday discussed matters pertaining to Trading Right Entitlement Certificate (TREC) Holders of Pakistan Stock Exchange with the representatives of Stockbrokers Association.

The delegation comprise of David White and Ms.Michelle Parnell of Asian Development Bank (ADB), accompanied with Akif Saeed who is currently serving as consultant to ADB, held meeting with PSX Stockbrokers Association (PSA) President Basharat Ullah Khan.

Members of Managing Committee and Ex-Office Bearers of PSA were also present in the meeting held here.

President PSA briefed the delegation about the issues being faced by the TREC Holders. He said Stock Market being fully documented but unfortunately the investors and the TREC Holders in the Capital Market are subject to unreasonable tax and compliance burden.

He further apprised that the TREC Holders are inundated with the never-ending Regulatory Compliances that they do not find time for marketing their business.

The guests shared their perspective regarding the Stock Market and assured that they will take measures for the development of the Capital Market and to promote investment in Stock market.

The meeting hoped that the concerns and issues will be resolved in due course.

In addition to it, the recently floated concept note of New Broker Regime was also made part of the discussion, wherein, views were exchanged on different aspects.

It was further clarified by the ADB team that they never demanded for any change in existing Broker Regime.

APP

Related News

Name Price/Vol %Chg/NChg
KSE100 135,939.87
307.74M
-0.41%
-562.67
ALLSHR 84,600.38
877.08M
-0.56%
-479.52
KSE30 41,373.68
101.15M
-0.43%
-178.94
KMI30 191,069.98
82.45M
-1.17%
-2260.79
KMIALLSHR 55,738.07
422.01M
-1.03%
-577.24
BKTi 38,489.75
45.79M
-0.02%
-8.33
OGTi 27,788.15
6.87M
-1.24%
-350.24
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 116,950.00 120,695.00
116,090.00
-3285.00
-2.73%
BRENT CRUDE 68.81 69.41
68.60
-0.40
-0.58%
RICHARDS BAY COAL MONTHLY 96.50 96.50
96.50
0.50
0.52%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.25
-2.05
-1.92%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.68 67.13
66.22
-0.30
-0.45%
SUGAR #11 WORLD 16.56 16.61
16.25
0.26
1.60%

Chart of the Day


Latest News
July 15, 2025 at 05:46 PM GMT+05:00

Labubu Mania drives Pop Mart’s profit surge


July 15, 2025 at 05:22 PM GMT+05:00

Big industry output rises 2.29% in May


July 15, 2025 at 04:22 PM GMT+05:00

SYS set for 71% profit surge on global tailwinds



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg