Renowned economist Dr Shamshad Akhtar has been unanimously elected as the PSX Board Chairperson in the first meeting of the newly elected PSX Board held on Wednesday.
For the first time in the 73-year history of the Pakistan Stock Exchange (PSX), a woman chairperson has been elected on the Board of Directors, said a press release issued by PSX.
Akhtar is a veteran of the financial markets of Pakistan and has also held the honorable position of Governor, State Bank of Pakistan, in the past.
She spearheaded the capital market development reforms during her tenure at the Asian Development Bank (ADB) in 1990s and more recently worked with the industry on the Capital Market Roadmap in her capacity as the Caretaker Finance Minister.
On being elected as the Chairperson of the Board of Pakistan Stock Exchange (PSX), Dr Akhtar commented: “After my long association with Pakistan’s capital market, it is a proud moment for me to represent the Pakistan Stock Exchange as its chairperson and join the efforts of the SECP, the new board and management to take this institution to new heights.”
“I look forward to our joint endeavours to further transform PSX as a premier institution so it can play a critical role in raising its market capitalisation through deepening of debt and equity markets, broadening its investor and product base and service efficiently all its clients upholding high standards of governance,” she said.
Managing Director (MD) and CEO of PSX, Farrukh H. Khan, welcomed the appointment of the first woman Chairperson of the Board and the new and returning directors.
“We have an outstanding new board and I am confident that the newly appointed Board of Directors will lead and direct the Exchange to even greater heights of success, prosperity and progress for all stakeholders and Pakistan’s capital markets,” he said.
