Pakistan Stock Brokers Association Elects New Directors

The Pakistan Stock Brokers Association (PSBA) inaugurated a fresh leadership team during its Annual General Meeting (AGM) held in Karachi on September 29, 2026. Muhammad Yasir Mahmoud was elected as the new chairman, taking over from the outgoing leadership at the AGM. All resolutions presented at the meeting, including the audited financial statements for the fiscal year ending June 30, 2026, were approved.

The PSBA Board and Executive Committee were also elected during the proceedings, which were conducted following the guidelines set by the Directorate General of Trade Organizations.

The newly appointed board members include: Muhammad Yasir Mahmoud as chairman, Abdus Samad Salim as senior vice chairman, Muhammad Sharif as vice chairman, and several other prominent brokers. The election process was overseen by the PSBA Election Commission, adhering to all legal and regulatory prerequisites. Upon assuming his new role, Mahmoud expressed the association's commitment to innovation, ensuring regulatory compliance, and advocating for the interests of its members.

He added that the new board would collaborate with regulatory and tax authorities to address concerns concerning stock brokers and investors.

At the conclusion of the AGM, a vote of thanks was extended to the outgoing directors, and the new board pledged to persist in pursuing the association's goals.