PSX Appoints Nadeem Naqvi as Interim CEO

The Pakistan Stock Exchange (PSX) has appointed Nadeem Naqvi as the interim Chief Executive Officer (CEO). Nadeem Naqvi, a Shareholder Director of Pakistan Stock Exchange Limited (PSX), has been appointed as the interim Chief Executive Officer (CEO) by the Board of Directors with approval of the Securities and Exchange Commission of Pakistan, PSX said in an announcement on Thursday. Naqvi will assume office as Acting CEO from September 03, 2024, and continue in such role until a permanent CEO is appointed, or November 30, 2024, whichever is earlier. According to information available on PSX website, Naqvi is the CEO of Habib University Foundation, Karachi. He was Managing Director of Pakistan Stock Exchange (PSX) from 2011 till 2017, when he took early retirement. Under his tenure the revenue and profits of the Exchange grew from Rs. 692 million and Rs. 50 million respectively in 2011, to Rs. 1,477 million and Rs. 277 million in 2017.