The Pakistan Stock Exchange (PSX) has appointed Nadeem Naqvi as the interim Chief Executive Officer (CEO). The decision was made by the Board of Directors with the approval of the Securities and Exchange Commission of Pakistan. Naqvi, who is also a Shareholder Director of PSX, will assume his new role on September 3, 2024.
Naqvi’s appointment comes after the departure of the previous CEO. He will serve as the interim CEO until a permanent replacement is found or until November 30, 2024, whichever comes first.
Naqvi brings a wealth of experience to the role. Prior to joining PSX, he served as the Managing Director of the Exchange from 2011 to 2017. During his tenure, PSX achieved significant growth in both revenue and profits. Under Naqvi’s leadership, the Exchange’s revenue increased from Rs. 692 million to Rs. 1,477 million, and its profits grew from Rs. 50 million to Rs. 277 million.
Naqvi’s appointment is expected to provide stability and continuity to PSX during this transitional period. His experience and expertise in the financial sector will be invaluable as the Exchange continues to navigate the challenges and opportunities of the market.