Dr. Shamshad Akhtar Appointed Chairperson of Pakistan Stock Exchange Board

Dr. Shamshad Akhtar, a distinguished figure in Pakistan's financial sector, has been appointed as the Chairperson of the Board of Directors of the Pakistan Stock Exchange (PSX) for a three-year term starting from April 19, 2024. Dr. Akhtar brings a wealth of experience, having previously served as the governor of the State Bank of Pakistan and as a caretaker finance minister.

The appointment of directors at PSX follows a stringent process outlined in the Companies Act, 2017, the Securities Exchanges Regulations of 2016, and the PSX's Articles of Association. It is mandated that at least one-third of the Board's directors must be independent, ensuring transparency and accountability in the exchange's governance.

As a self-listed securities exchange and a key regulator of listed companies, the PSX upholds strict compliance with all relevant laws and regulations. Dr. Shamshad Akhtar's tenure as the first female governor of the State Bank of Pakistan and her extensive experience at the Asian Development Bank highlight her credentials for this crucial role.

Prior to her leadership roles, Dr. Akhtar held key positions at the Asian Development Bank, where she played pivotal roles in the Southeast Asia Department and the East and Central Asia Department. Her expertise in governance, finance, and trade will undoubtedly contribute to the PSX's strategic direction and oversight.

Dr. Shamshad Akhtar's appointment as the Chairperson of the PSX Board marks a significant milestone in Pakistan's financial landscape. Her track record of leadership and expertise positions her well to steer the exchange towards continued growth and stability. Investors and stakeholders can look forward to a period of prudent governance and strategic decision-making under her guidance.