In a notice issued by PSX, it has informed that, “It is hereby informed that upon expiry of term of appointment of Mr. Nadeem Naqvi, as the Managing Director of Pakistan Stock Exchange Limited (PSX), the Board of Directors have appointed Mr. Haroon Ahmad Askari, Deputy Managing Director of the Exchange with effect from June 16, 2017, till the formal appointment of new Managing Director.”

Mr. Nadeem Naqvi was appointed as Managing Director of Karachi Stock Exchange by Board of Directors on April 23^rd, 2011 and has served as a Managing Director for a total of six years.