Pakistan Stock Exchange Limited (PSX) held a consultation session to discuss suggested changes to the PSX Regulations, focusing on implementing additional reforms for the Growth Enterprise Market (GEM) Board. This session took place both in-person at PSX’s Karachi location and online, gathering important industry participants, including Issue Consultants and securities brokers.
The session was chaired by Mr. Farrukh H. Mr. Sabzwari, who is the Managing Director and CEO of PSX, together with Mr. Ajeet Kumar, the Chief Regulatory Officer, and
Ajeet Kumar, Chief Regulatory Officer, and Mr. Syed Ahmad Abbas, Chief Listing Officer. The suggested regulatory changes are intended to enhance liquidity and trading activities on the GEM Board by promoting increased participation in the market.
The consultative session offered an opportunity for relevant stakeholders to express their feedback and suggestions regarding the proposed reforms. Engaging with market participants is essential to ensure that the regulatory framework meets the changing needs of the market and fosters the growth of emerging enterprises. The period for submitting comments remains open for all interested parties to provide their feedback and suggestions for PSX’s consideration.
PSX is dedicated to implementing reforms that enhance transparency, efficiency, and investor confidence in the capital market. The insights obtained from this session will help finalize the proposed amendments, ensuring they effectively meet the goals of boosting market participation and liquidity.
This initiative underscores PSX’s dedication to creating a more dynamic and inclusive capital market environment, especially for growth-oriented enterprises, including SMEs and startups.
