Press Release

SAFE Secretary General visits CSE

Mr. Aftab Ahmad says new Secretariat in Pakistan will function soon

Chittagong, January 19, 2006: The new SAFE Secretary General Mr. Aftab Ahmad Choudhry – who is also the Managing Director & CEO of the Islamabad Stock Exchange, Pakistan paid a brief visit at Chittagong Stock Exchange today.

While his visit Mr. Choudhry discussed with the CSE officials and exchanged experience on SAFE’s  past activities. Mr. Choudhry has also formally received the SAFE documents from CSE Secretariat to continue the future course of actions of SAFE from Pakistan.

Chittagong Stock Exchange performed as the Secretariat of the South Asian Federation of Exchange (SAFE) till September 2005 from its inception in 2000. The General Assembly of the SAFE in its 5th AGM held on 14th May 2005 in Islamad decided to transfer the Secretariat from Chittagong to Islamabad.

The new SAFE Secretary General Mr. Aftab Ahmad Chowdhry - who is also the Managing Director & CEO of the Islamabad Stock Exchange, Pakistan is writing his remarks on CSE Visitors Book during a brief visit at Chittagong Stock Exchange on 19th January, 2006

 

The following Exchanges are the members of SAFE:

  1. Chittagong Stock Exchange              
  2. Dhaka Stock Exchange
  3. Islamabad Stock Exchange
  4. Karachi Stock Exchange
  5. Lahore Stock Exchange
  6. Maldives Stock Exchange
  7. Nepal Stock Exchange
  8. Royal Securities Exchange, Bhutan
  9. The Stock Exchange, Mumbai (BSE)
  10. Colombo Stock Exchange, Sri Lanka
  11. Stock Exchange of Mauritius, Mauritius
  12. National Stock Exchange of India

Mr. Rajnikant Patel, CEO of Bombay Stock Exchange Ltd. presently holding the Chair of SAFE and Mr. Abdul Waheed Jan, Chairman of Islamabad Stock Exchange holding as Vice-Chair of SAFE.

The other Executive Committee members of SAFE are: Mr. Hiran Mendis, Director General, Colombo Stock Exchange, Sri Lanka; Mr. Ahmad Rashid, Vice President, Dhaka Stock Exchange, Bangladesh; Mr. Tashi Yezer, Chief Executive Officer, Royal Securities Exchange of Bhutan Ltd., Bhutan

Ahead challenge of SAFE is to implement cross border listings and trading among the SAFE members, to accelerate regional exchange program such as training, human resource development etc.

In the last AGM in Pakistan, every member of SAFE consciously agreed to establish a “Permanent Secretariat” in Islamabad to drive SAFE activities more efficiently. Mr. Aftab Ahmad Choudhry while updating the latest progress of the above initiative, he said very soon a new office with required human resources would start functioning.

 

________________________
For Chittagong Stock Exchange