Alert Sign Dear reader, online ads enable us to deliver the journalism you value. Please support us by taking a moment to turn off Adblock on

Alert Sign Dear reader, please upgrade to the latest version of IE to have a better reading experience


KARACHI, Oct 8: The Securities and Exchange Commission of Pakistan (SECP) and the Karachi Stock Exchange (KSE) have “reached consensus on a final draft of the “Stock Exchange (Corporatisation, Demutualisation and Integration) Ordinance, 2007,” stated a KSE press release.

A meeting was held on Monday between the two sides to discuss the draft. The SECP team was led by its chairman Razi-ur-Rehman Khan and the KSE side included members of its demutualisation committee, some senior members, management, legal counsel and consultant appointed for valuation under KSE chairman Shaukat Tarin. “After the detail deliberation the two sides reached consensus and agreed on a final draft of the ordinance”, the release concluded.