PSA requests for the formation of PSX Committee to address difficulties within equity markets

MG News | July 22, 2019 at 06:22 PM GMT+05:00

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July 22, 2019: The PSX Stockbrokers Association (PSA) on Monday issued a letter to the Chairman Standing Committee for Finance, Economic and Revenue Affairs, Mr. Asad Umar, requesting for the formation of a Committee for Pakistan Stock Exchange.

“It is to recall you that Stock Brokers / TREC Holders at PSX are suffering from the various practical difficulties, so created by the Federal Board of Revenue (FBR) and Securities and Exchange Commission of Pakistan (SECP). These issues are not only persecuting the fraternity but also contributing a lot in decline of the stock market” the letter stated.

In this regard, in order to resolve the issues, PSA has requested for a committee under the supervision of Standing Committee, wherein representatives of the Association may apprise the concerned of the difficulties.

“The meetings will be leading to the revival of investors’’ confidence and the volumes at the Stock Market” the noticed added.

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