Pakistan Stock Exchange Limited (PSX) has elected Mr. Ruhail Mohammad as the new Chairman of the Board for the remainder of the current term, following the passing of former Chairperson Dr. Shamshad Akhtar. The decision was made in line with applicable legal and regulatory requirements at a recent Board meeting.
The PSX Board paid tribute to Dr. Shamshad Akhtar, recognizing her leadership and contributions to Pakistan’s capital markets. She guided the Exchange through significant challenges with integrity and professionalism, implementing key policies and strategic initiatives. Her tenure included advancing Pakistan’s fixed income market and facilitating access to Shariah-compliant government securities for the Government of Pakistan.
As a mark of respect, the Board decided to name the PSX auditorium the “Dr. Shamshad Akhtar Auditorium” and extended condolences to her family. Dr. Akhtar’s leadership is regarded as a lasting legacy in governance and market development.
Mr. Ruhail Mohammad brings over three decades of senior leadership experience across diverse sectors. Known for his strategic oversight and people-focused leadership style, he has previously contributed significantly to PSX as Chairman of the Board Audit Committee, helping strengthen governance, internal controls, and financial discipline.
Currently, he serves as Chief Executive Officer of Lucky Electric Power Company Limited and has held positions at Engro Corporation, K-Electric, NBP Funds, and Pakistan Mercantile Exchange Limited, where he previously served as Chairman. He is also on the boards of Lucky Group entities, EFU Life Assurance, PSX, and NOWPDP-NGO, and chairs Dawood Lawrencepur Limited.
Mr. Mohammad is a CFA charterholder and holds an MBA from the Institute of Business Administration (IBA), Pakistan. He has completed the Advanced Management Program at INSEAD and an agribusiness certification from Harvard Business School, highlighting his commitment to professional growth and global best practices.
The PSX Board expressed confidence that under Mr. Mohammad’s leadership, the Exchange will continue to maintain high standards, promote transparency, and pursue sustainable growth, building on Dr. Akhtar’s legacy.
With this transition, PSX is positioned to navigate market challenges effectively, strengthen investor confidence, and foster innovation in Pakistan’s financial markets. Mr. Mohammad’s experience and strategic vision are expected to guide the Exchange towards continued growth and governance excellence.
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