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Pakistan Stock Exchange appoints first woman chairperson in the history of Pakistan

Dr Shamshad Akhtar has become the first woman to become the Chairperson of the Pakistan Stock Exchange (PSX). She has previously served as a caretaker Finance Minister and was also the 14th Governor of the State Bank of Pakistan.

Dr Shamshad Akhtar was unanimously elected as the Chairperson for the Pakistan Stock Exchange at the first meeting of the newly elected board on Wednesday.

Prior to this appointment, Dr Shamshad Akhtar has worked with the United Nations as a senior advisor to then Secretary General, Ban Ki-Moon. A through finance professional, Dr Akhtar has also worked as a Vice President of the World Bank.

Commenting on her new role, Dr Akhtar said: “I look forward to our joint endeavors 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”.

PSX CEO Farrukh H. Khan welcomed the appointment. He said: “We are particularly excited and proud to have someone of the caliber of Dr Akhtar to be the chairperson of PSX. Her understanding of capital markets and global experience will be invaluable in the development of capital markets and PSX. The fact that she is the first woman to chair PSX adds to our pride and excitement in welcoming her”.

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