KARACHI: Pakistan Stock Exchange has notified that Mr. Haroon Askari will continue to vest his duties as CEO of stock exchange till November 30th, 2017.
The notification read that the hunt for appointing a new Managing Director is still ongoing and to continue smooth operations of the exchange, the Securities and Exchange Commission of Pakistan (SECP) in a letter dated October 26th permitted Haroon Askari to keep continuing his duties as Acting MD of the PSX.
Profit had reported in end of September despite fierce opposition from the Pakistan Stock Exchange (PSX) brokers, the PSX’s board was planning to finalize the appointment of Richard Morin as Managing Director PSX.
According to market rumours in September, Morin’s monthly salary was said to be around Rs3 million, and would be provided residential allowance, special perks and international travelling expenditures said some brokers.
A PSX official said, “Only the shareholders of the company (PSX) have the right to accept and reject his appointment and approve and disapprove his monthly package.
As the hunt for a new PSX Managing Director continues, it remains to be seen who will be the lucky aspirant to this post.
In September, Profit had also published an exclusive interview of Acting MD Haroon Askari of Pakistan Stock Exchange and got to know his views about the stock market and its future course of action.
