Pakistan Stock Exchange Limited - | PSX | Resources And Tools

The Pakistan Stock Exchange Limited (formerly: Karachi Stock Exchange Limited), being the frontline regulator, plays a proactive role in ensuring that investors’ interest remains protected. Securing the interest of small investors is of prime importance to the Pakistan Stock Exchange Limited (formerly: Karachi Stock Exchange Limited).

In order to keep a vigilant eye on investors’ issues and to provide a platform to the general public for voicing their concerns, Default and Arbitration Wing within Regulatory Affairs Department of Pakistan Stock Exchange Limited (formerly: Karachi Stock Exchange Limited) has been set up.

The Default and Arbitration Wing is responsible for ensuring that grievances/ complaints of the general public concerning investment and trading of securities are heard and redressed, in a quick and efficient manner. This Wing is also responsible for proposing disciplinary actions against defaulting brokers.

Since 2008, this Wing has been working under the supervision of General Manager/ Chief Compliance Officer and has recommended disciplinary actions such as, suspension /expulsion/ forfeiture of membership/ TRE Certificate of 14 Brokerage Houses of Pakistan Stock Exchange Limited (formerly: Karachi Stock Exchange Limited) and settled claims valuing Rs.2.6 billion transparently.

This Wing liaises with Securities and Exchange Commission of Pakistan (SECP), National Accountability Bureau (NAB), Federal Investigation Agency (FIA), Prime Minister’s Inspection Commission (PMIC), Federal and Provincial Ombudsman Offices in the matter of complaints lodged against the Member/ TRE Certificate Holders of the Exchange.

Permanent Arbitrators Panel

This includes senior members of PSX Management. One senior member is nominated by CRO in consultation with the Managing Director-PSX for constituting sub-panel of arbitrators.

The Panel of Industry Experts was reviewed on June 30, 2023.

Karachi Office	Lahore Office	Islamabad Office
Asif Mehmood	Hadia Awan	Rana Muhammad Shahid Saleem
Muhammad Samiullah	Rizwan Bashir	Muhammad Riaz
Murtaza Abbas Mooman	Mohammad Iqbal Ghori	Khurram Rahat
Sayyid Mansoob Hassan	Shafqat Saeed Paracha	Nazir Ahmed Shaheen
Vishal Shamsi	Shakeel Ahmed Awan
M. Afnan Saiduzzaman Siddiqui
M. Amin Qazi
Yasir Masood
Irfan Amanullah
Zainab Effendi
Muhammad Naveed Akhtar

Panel of TRE Certificate Holders

List of Brokers failing to comply with the Awards/Orders of Arbitrators

Status Report of Investors’ Complaint

List of Delinquent Clients

Lodging a Complaint

1. Through designated email ID i.e. investor.complaints@psx.com.pk

How fo fill E-Claim Form

Claim Form

General Instructions for complaint registration

A guide for investors - Lodging complaints against PSX Members

M. Amin Qazi
Professional qualification (s)	LLM (White Collar Crimes)
Associations with companies Current and prior	NBP (EVP) International Finances & Remittances Group. NBP , Saudi Pak Bank Head of Legal
Membership of professional bodies, committees etc., if any	Advocate High Court
Other pertinent information, if any	Ex-Director NAB Sindh. (FCIW)

Mr. Asif Mahmood
Professional qualification (s)	Chartered Accountant
Associations with companies Current and prior	Director of Banking Conduct and Consumer Protection, State Bank of Pakistan (Current) General Manager Finance, Lakson Group of Companies General Manager, Ministry of Information Technology and Communication Manager Taxation and Company Secretary, Umer Group of Companies
Membership of professional bodies, committees etc., if any	Fellow member of the following institutes Institute of Chartered Accountants of Pakistan Institute of Corporate Secretaries of Pakistan Institute of Chartered Secretaries of Pakistan Institute of Chartered Taxation of Pakistan Pakistan Institute of Public Finance Accountant Pakistan Institute of Corporate Governance Business Continuity Institute, UK
Other pertinent information, if any	Certified Independent Director form PICG Certified Trainer of World Bank on Corporate Secretaries Faculty member of National Institute of Banking & Finance (NIBAF) Visiting Faculty of Institute of Bankers Pakistan Member of Committee on Economic & Finance (ICAP 2018-19) Focal person of Prime Minister’s Delivery Unit of SBP

Sayyid Mansoob Hasan
Professional qualification (s)	FCMA, ACIS, Accredited Mediator and Arbitrator, Certified Lead Assessor
Associations with companies Current and prior	Current Mansoob & Co. (CMA Firm) Chief Executive - Alpha Online (Private) Limited Prior Director (Non-Exec) PFML, PSFL (2003-2006) Group Head of Audit - Prudential Group (2003-2006)
Membership of professional bodies, committees etc., if any	Member International Chamber of Commerce - Pakistan National Committee Chairman Taxation Commission - ICC Pakistan Member Arbitration Commission - ICC Pakistan Member Mediation Commission - ICC Pakistan Fellow Institute of Cost and Management Accountants of Pakistan Associate Institute of Corporate Secretaries of Pakistan Member Board Institute of Taxation Pakistan Member Karachi Tax Bar Association
Other pertinent information, if any	Chairman Small Dispute Resolution Committee – Sindh and Baluchistan (established under Insurance Ordinance, 2000) Chairman Circle of Voice Dispute Resolution Center

Muhammad Iqbal Ghori, Director Finance and Strategy
Professional qualification (s)	FCMA
Associations with companies Current and prior	SADAQAT LIMITED, FAISALABAD
Membership of professional bodies, committees etc., if any
Other pertinent information, if any	-

Hadia Awan DR., Principal
Professional qualification (s)	Ph.D (Peace & Conflict Studies)
Associations with companies Current and prior	Principal, Punjab Law College Dean, Faculty of Law, University of Central Punjab
Membership of professional bodies, committees etc., if any	Member Punjab Bar Council
Other pertinent information, if any	Had been a Civil Judge, Mediator and Arbitrator

Shakeel Awan, Corporate & Banking Lawyer
Professional qualification (s)	LL.M-P/1
Associations with companies Current and prior	HBL CSIBL Trust Modaraba Crescent Commercial Bank CSIBL Crescent Group
Membership of professional bodies, committees etc., if any	Supreme Court Bar Association of Pakistan Lahore High Court Bar Association
Other pertinent information, if any	Corporate & Banking Lawyer

Rizwan Bashir, Managing Partner, Rizwan & Company, CA
Professional qualification (s)	FCA FPA B.COM
Associations with companies Current and prior	NIL
Membership of professional bodies, committees etc., if any	ICAP PIPFA LAHORE TAX BAR ASSOCIATION MEMBER OF ARBITRATION PANEL MEMBER OF SMALL AND MEDIUM PRACTICES-ICAP MEMBER OF TAXTION COMMITTEE-ICAP MEMBER OF TECHNICAL ADVISORY COMMITTEE-ICAP MEMBER OF EXECUTIVE COMMITTEE-TAX BAR ASSOCIATION MEMBER OF EXECUTIVE COMMITTEE AND TREASURER –RED CRESCENT SOCIETY PUNJAB
Other pertinent information, if any	MEMBER OF ARBITRATION PANEL-LSE 25 YEARS EXPIRENCE IN ARBITRATION & SETTLEMENT EXPIRENCE IN TAXATION CORPORTE AFFAIRS & LEGAL MATTERS

Khurram Rahat- Senior Vice President, Middle East & South Asia
Professional qualification (s)	MBA
Associations with companies Current and prior	No association with listed companies
Membership of professional bodies, committees etc., if any	Member Steering Committee, National Cloud and Big Data Program
Other pertinent information, if any	Following PSX stocks since 1990; managing equity personal portfolio

Muhammad Naveed Akhtar - Performance & Planning Manager at United Energy Pakistan Limited (a foreign E&P company)
Professional qualification (s)	Chartered Accountant
Associations with companies Current and prior	No association with listed companies, except that my father & brother are working as senior executives for Shakarganj Mills Limited & Fauji Fertilizer Bin Qasim Limited. Father is also a member BoD at Altern Energy Limited. I however have some minority stakes in around 36 listed companies & a few mutual funds.
Membership of professional bodies, committees etc., if any	Fellow member of ICAP (3297)
Other pertinent information, if any	Following PSX stocks since 1997; managing equity personal portfolio. Trustee of 2 Retirement benefit funds of my Employer (a Defined Benefit Fund & a Defined contribution fund) Assisting friends & family in filing their annual tax returns (individuals)

Zainab Effendi-Haqqi
Professional qualification (s)	LLB (Hons), University of London (external program) - 2007 LLM in International Corporate Governance and Financial Regulations, University of Warwick, UK – 2009
Associations with companies Current and prior	Western Global Services (Pvt) Limited Western Services (Pvt) Limited
Membership of professional bodies, committees etc., if any	Member of Islamabad District Bar Association Member of Islamabad High Court Bar Association
Other pertinent information, if any	Nil

Nazir Ahmed Shahaeen- CEO Nazir Shaheen & Associates, Islamabad
Professional qualification (s)	FCMA Member PIPFA Advocate High Court
Associations with companies Current and prior	CEO Nazir Shaheen & Associates, Islamabad CEO Institute of Development, Enterprise and Leadership (Pvt) Ltd
Membership of professional bodies, committees etc., if any	Fellow Member of ICMAP and PIPFA Registered e- Intermediary
Other pertinent information, if any	Retired Executive Director and Registrar of companies, SECP

Rana Muhammad Shahid Saleem - Senior Manager NCCPL Islamabad Office
Professional qualification (s)	Bachelor of Commerce
Associations with companies Current and prior	National Clearing Company of Pakistan Limited Islamabad Stock Exchange (G) Limited
Membership of professional bodies, committees etc., if any	-
Other pertinent information, if any	Member Conciliatory Committee (Thana Sabzi Mandi) Since 2017

Riaz Hussain
Professional qualification (s)	M.A Economics
Associations with companies Current and prior	CDC NCCPL Bank Alfalah Limited Summit Bank
Membership of professional bodies, committees etc., if any	-
Other pertinent information, if any	-

Muhammad Samiullah
Professional qualification (s)	M.A. (Eco) LL.B. DAIBP PGD in Islamic Finance & Takaful from Jamia Darul Uloom, Korangi in the year 2006 Directors Training Program (Certified by SECP) from The Institute of Cost & Management Accountants Pakistan (ICMAP) in the year 2020
Associations with companies Current and prior	Current Secretary General (July 09,2001 – continue) NBFI & Modaraba Association of Pakistan Fully involved in the policy matters and liaison with Securities & Exchange Commission of Pakistan and also a member of Rules & Regulations Committee of the Association. Prior Habib Bank Limited (Nov.16,1974 – July 09, 2001) Vice President & Company Secretary, First Habib Bank Modaraba, Officiated as CEO for about one year. Other Important Assignments held: Managed Portfolio of Habib Bank Limited Head of Shares Floatation Department, For about 5 years
Membership of professional bodies, committees etc., if any	Chairman FPCCI Standing Committee on NBFI & Modaraba for the year 2016 Member FPCCI Standing Committee on Islamic Banking & Takaful in the year 2017 & 2018 Member FPCCI Standing Committee on NBFI & Modaraba in the year 2017, 2018
Other pertinent information, if any	Established a Share Registrar Company in the name of Progressive Management Services Limited and run about three years. CWorkshop on “Train the Trainer” organized by the Institute of Capital Market (ICM) (under World Bank IDF Capacity Building Project) – Jan 24 – February 02, 2013 Already Member of Permanent Arbitration Panel of PSX since 2015.

Vishal Shamsi - Barrister-at-Law
Professional qualification (s)	LLM (London) Bar-at-Law (Lincolns Inn) LLB(Hons)
Associations with companies Current and prior	Member of the Honourable Society of Lincoln’s Inn ADR group UK Accredited Civil and Commercial Mediator Member of Sindh Bar Council Member of Karachi Bar Association Member of Sindh High Court Bar Association Member of Women Lawyers’ Association
Membership of professional bodies, committees etc., if any	National Centre for Dispute Resolution Hafeez Pirzada Law Associates RIAA Barker Gillette
Other pertinent information, if any	Speaker at World Mediation Summit 2017 in Madrid, Spain. Speaker at Association for Conflict Resolution (ACR) annual conference 2016 held in Baltimore, USA Speaker at ‘Dispute Settlement’ seminar held in Faisalabad in 2015 organized by TDRO, Ministry of Commerce Pakistan Author/contributor of the book “More Justice, More Peace”

Yasir Masood - Executive Director & CFO
Professional qualification (s)	Chartered Accountant Certified Internal Auditor Certified Information System Auditor
Associations with companies Current and prior	Cherat Cement Co. Ltd Cherat Packaging Ltd Mirpurkhas Sugar Mills Ltd Greaves Pakistan (Pvt.) Ltd Greave Airconditioning (Pvt.) Ltd Ernst & Young (EY) Pakistan
Membership of professional bodies, committees etc., if any	Institute of Chartered Accountants of Pakistan Pakistan Business Council – Tax Committee
Other pertinent information, if any	Around 22 years experience of Management, Finance, Investments, Taxation and dealing with banks.

Murtaza Abbas Mooman, Chief Strategy officer & Director Investments
Professional qualification (s)	Doctorate in Business Administration Harvard Business School Us, GMP Stanford Business School (Strategy & Change Management) Fellow Member of Institute of Chartered Accountants, Pakistan Fellow Member of Chartered Institute of Management Accountants, (UK) Master of Business Administration-IBA, Pakistan
Associations with companies Current and prior	Lucky Cement Ltd Thalnova Power Thar (PVT) Ltd Siemens Engineering Pakistan Ltd
Membership of professional bodies, committees etc., if any	Fellow Member CIMA & CA Member of PAIB
Other pertinent information, if any	-

Barrister Afnan Saiduzzaman Siddiqui
Professional qualification (s)	MBA (Digital Advertising and Marketing) (Cardiff) LL.B. & LL.M (Hons) (IP, Comm. & ADR) (UK) Legal Practitioners Qualification & BPTC (UK) Mediator Accreditation Course – Singapore Mediation Centre) Commercial Arbitrator Vocational Course – Chartered Institute for Arbitrators (UK) Diploma in Commercial and IP Mediation – CEDR (UK) Legislative Development and Drafting Course – House of Commons (UK)
Associations with companies Current and prior	Current: Partner (Jan 1, 2017 – Present) J. Saiduzzaman Siddiqui & Co. LLP Chief Operating Officer (Dec 1, 2016 – Present) National Centre for Dispute Resolution (Jan 05 2013 – Present) Legislative development Researcher - National Assembly of Pakistan Prior: (Sept 10, 2005 – Sept 06, 2006) KPMG Taseer Hadi Khalid & Co., Compliance Officer - ISO Audit Department (Jan 16, 2013 – Feb 09, 2015) Liaquat Merchant Associates, Associate (Feb 19, 2015 – Jan 15, 2017) Orr, Dignam & Co., Senior Associate
Membership of professional bodies, committees etc., if any	Member of the Law Society & Gray’s Inn Associate Mediator at the Singapore Mediation Centre Junior Associate Chambers of Arbitrators Life Member of the Sindh Bar Council Member of Karachi Bar Association Life Member of Sindh High Court Bar Association Member of Banking, Commercial and Corporate Lawyers’ Association
Other pertinent information, if any	Established a Share Registrar Company in the name of Progressive Management Services Limited and run about three years. Conducted numerous mediation trainings: Mediation trainings for corporate multinational entities including government entities. Also conducted mediation training for Judges and Women Lawyers at the Sindh Judicial Academy. Dispute resolution courses: Currently training and conducting classes for student in the course of LL. B for the ADR module, at Hamdard and SZABUL. Already Member of Permanent Arbitration Panel of PSX.

Pakistan Stock Exchange Limited - | PSX | Resources And Tools | Investors (2024)

Permanent Arbitrators Panel

Panel of TRE Certificate Holders

List of Brokers failing to comply with the Awards/Orders of Arbitrators

Status Report of Investors’ Complaint

List of Delinquent Clients

Lodging a Complaint

1. Through designated email ID i.e. investor.complaints@psx.com.pk

How fo fill E-Claim Form

Claim Form

General Instructions for complaint registration

A guide for investors - Lodging complaints against PSX Members