Asian Development Bank visits PSX stockbrokers association.

The delegation comprise of Mr. David White and Ms Michelle Parnell of Asian Development Bank (ADB), accompanied with Mr. Akif Saeed who is currently serving as consultant to ADB, visited PSX Stockbrokers Association (PSA) on December 2, 2019. The meeting was led by the President of PSA, Mr. Basharat Ullah Khan and was attended by Managing Committee and Ex-Office Bearers of PSA.

Mr. Khan welcomed the Honorable Guests and thanked them to have interaction with the representative body of Trading Right Entitlement Certificate (TREC) Holders of Pakistan Stock Exchange. Mr. Khan, followed by the presentation, highlighted the issues being faced by the TREC Holders. Stock Market being fully documented and tax compliant should be promoted but unfortunately the investors and the TREC Holders in the Capital Market are subject to unreasonable tax and compliance burden.

He further apprised the guests that the TREC Holders are inundated with the never-ending Regulatory Compliances that they do not find time for marketing...