LAHORE, Jan 10: The Securities & Exchange Commission of Pakistan (SECP) has approved the names of seven outside directors on the board of the Lahore Stock Exchange (LSE) for the year 2002 in consultation with the exchange.

The list of outside directors was sent to the Commission for approval by the LSE only a few days ago.

The LSE has retained four outside directors — Rasheed Ahmed (managing director of PILCORP), Justice Amir Raza Khan (Retd), Javed Masud (managing director of PACRA), and Amir Sherazi (Atlas Group of Industries) — from its last year’s board.

The three new outside directors named on the LSE board are Roohi Raees Khan (chief operating officer of the Trust Investment Bank), Khalid Niaz Khawaja (SEVP of MCB) and Sikandar Mustafa Khan (managing director of Millat Tractors Ltd).

An LSE spokesman said with the induction of the seven outside directors, the LSE board had been completed for the current year.

He said the new board was expected to hold its maiden meeting next week.