KARACHI, Sept 17: The chairman, Securities and Exchange Commission of Pakistan, Dr. Tariq Hassan, has said that risk management is on his priority of agenda and he would encourage healthy and meaningful deliberations among stock exchanges and the SECP on such issues.

The chairman, Securities and Exchange Commission of Pakistan, was addressing at Karachi Stock Exchange, which he visited along with Commissioner (securities Market) Shahid Ghaffar, a KSE statement said on Wednesday.

The chairman, KSE, Firozuddin A. Cassim and Managing Director, KSE, Moin M. Fudda welcomed Dr. Hassan and Shahid Ghaffar.

The Board of Directors, few past presidents/chairman and prominent members received the eminent officials in the Boardroom of the Exchange.

The Chairman, KSE in his address of welcome said the appointment of Dr. Hassan has given great optimism to the market stakeholders.

Firozuddin Cassim briefed the chairman SECP about the initiatives taken by introduction of derivatives and making the KSE more attractive for new listings. He invited the attention of Dr. Tariq Hassan to issues of corporate governance and new listings.

Cassim said it is expected that reforms agenda for the capital markets will be continued and assured the Chairman SECP of satisfying support from members of the community.

Managing Director, KSE gave a presentation to the Chairman SECP highlighting the measures attributing KSE for achievement of the milestone of being the Best Performing Stock Exchange of the world.

A three-tier slide presentation was also made comprising a) corporate reforms b) capital market reforms and c) challenges ahead.

Fudda also briefed Dr. Hassan of the efforts made in areas of logistics and I.T. infrastructure to meet the ever-growing requirements and having KSE come at par with developed world standards of the stock exchanges.

The SECP chief appreciated the transformation of overall attitude of the stakeholders in foregoing short-terms gains to reap long-terms goals.—APP