KARACHI – Chief executive officer (CEO) of private firm Cyan Limited, Sulaiman S Mehdi has been appointed as the new chairman of Pakistan Stock Exchange.
Sulaiman Mehdi was appointed after the removal of former chairman Hussain Lawai earlier this month on the directives of the Securities and Exchange Commission of Pakistan.
Sulaiman has over 13 years’ experience of working with leading Financial Services Groups in senior positions in the area of operations, investments, marketing, legal and corporate affairs.
Lawai was arrested by the Federal Investigation Agency (FIA) on charges of money laundering on July 6.
https://en.dailypakistan.com.pk/pakistan/psx-removes-hussain-lawai-as-chairman-after-secp-directive/
FIA had registered a case against him in Karachi over the mega money laundering scandal involving Rs 35 billion in connection with other corrupt politicians, businessmen, and bankers.
Hussain Lawai is former Head of SummitBank and a close friend of Asif Zardari.
