The Board of Directors (BoD) of Pakistan Stock Exchange Limited (PSX) has announced the appointment of Nadeem Naqvi, a Shareholder Director, as the interim Chief Executive Officer (CEO) of the company. The decision, approved by the Securities and Exchange Commission of Pakistan, was communicated to stakeholders on Thursday.
“Nadeem Naqvi, a Shareholder Director of Pakistan Stock Exchange Limited (PSX), has been appointed as the interim CEO by the Board of Directors with the approval of the Securities and Exchange Commission of Pakistan,” read the official notice from PSX. Naqvi will begin his role as Acting CEO on September 3, 2024, and will continue until a permanent CEO is appointed or until November 30, 2024, whichever comes first.
Currently serving as the CEO of Habib University Foundation in Karachi, Naqvi previously held the position of Managing Director at PSX from 2011 to 2017 before retiring early and relocating to Toronto, Canada.
This appointment follows the resignation of Farrukh Khan, who stepped down as CEO of PSX in July 2024 to pursue other opportunities. Farrukh Khan, who joined PSX in February 2020 during the onset of the Covid-19 pandemic in Pakistan, is set to join telecom operator Jazz as its Chief Financial Officer (CFO) starting September 15, 2024.
