Nadeem Naqvi has been appointed as the Acting Chief Executive Officer (CEO) of the Pakistan Stock Exchange (PSX), following the approval from the Securities and Exchange Commission of Pakistan (SECP) and the PSX Board of Directors, reported 24NewsHD TV channel Thursday.

Naqvi will assume his duties from September 3, 2024, and will serve in this role until November 30, 2024, or until a new CEO is appointed.

Nadeem Naqvi is no stranger to the PSX, having previously served as the Managing Director of the Pakistan Stock Market from 2011 to 2017. His appointment comes after Farrukh H. Khan, the current CEO, announced his resignation on July 4, 2024. Khan will continue to fulfill his responsibilities until Naqvi officially takes over on September 3, 2024.

The appointment of Nadeem Naqvi was initially reported by City 21 on August 18, 2024. His extensive experience in the financial sector is expected to guide the PSX through this transitional period until a permanent CEO is appointed.