February 02, 2026 (MLN): Pakistan Stock Exchange (PSX) has announced the appointment of Muhammad Junaid Khalid as its new company secretary, following the departure of Dr. Fakhara Rizwan from the role of company secretary, chief governance, and corporate affairs officer. The appointment, effective immediately, represents a key transition in the exchange’s senior governance and compliance leadership. The change was formally communicated to the Securities and Exchange Commission of Pakistan (SECP) and the exchange’s chief regulatory officer through an official notification issued on February 2, 2026.
Dr. Fakhara Rizwan vacated her position at the close of business on February 2, 2026. PSX stated that Khalid has been appointed in her place with immediate effect. While the exchange did not provide further details regarding the duration of Khalid’s appointment or any additional management changes, the transition reflects routine leadership adjustments in the company secretarial and corporate affairs functions of the bourse.
Muhammad Junaid Khalid assumes responsibility for overseeing corporate governance, regulatory compliance, and liaison with the SECP and other relevant authorities. The company secretary role at PSX is central to maintaining strong governance standards, ensuring transparency in operations, and supporting the board of directors in fulfilling their fiduciary responsibilities. Key functions include managing board affairs, documenting decisions, supervising compliance with exchange regulations, and ensuring effective communication with stakeholders.
PSX emphasized that the appointment is part of its ongoing commitment to maintaining effective governance and regulatory oversight. The company secretary is a pivotal role in aligning the bourse’s operations with both domestic and international governance standards. Khalid’s leadership is expected to ensure continuity in these functions while supporting PSX’s strategic and operational objectives.
The Pakistan Stock Exchange plays a vital role in the country’s capital markets by facilitating trading, promoting transparency, and sustaining investor confidence. Effective corporate governance and compliance leadership are essential to maintaining the credibility and operational efficiency of the bourse. The appointment of Khalid strengthens the institutional framework and enhances the exchange’s ability to manage regulatory obligations and governance processes.
Khalid will also coordinate closely with senior management and the board of directors to implement governance policies, oversee disclosures, and ensure compliance with regulatory requirements. The role requires balancing operational efficiency with risk management and ensuring that the exchange meets the expectations of stakeholders, including investors, regulators, and market participants.
This transition occurs amid evolving regulatory requirements in Pakistan’s capital markets, where transparency, accountability, and effective governance remain critical priorities. Khalid’s appointment underscores PSX’s focus on professional leadership in corporate secretarial functions and governance, aiming to sustain confidence in the market and uphold high standards of compliance and accountability.
Through this appointment, Pakistan Stock Exchange reaffirms its dedication to robust governance practices, regulatory adherence, and effective leadership. Khalid’s immediate assumption of responsibilities ensures continuity in corporate governance and compliance oversight while supporting the bourse’s broader objectives of transparency, accountability, and market resilience.
The appointment of Muhammad Junaid Khalid marks a significant step in PSX’s efforts to strengthen its governance and compliance framework and reflects the exchange’s ongoing commitment to maintaining a well-regulated and efficiently managed financial marketplace.
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