Dr Salman Shah elected LSE chairman

RECORDER REPORT

LAHORE: The Board of Directors of the Lahore Stock Exchange Limited (LSE) on Monday elected Dr Salman Shah new Chairman of the Board.

Dr. Shah is a Lahore based prominent Economist and holds a PhD in Finance and Economics from Indiana University, Bloomington’s Kelley School of Business. He is the CEO of Bridge Asia Financial Services.

Earlier, he was the Finance Minister and Advisor to Prime Minister on Finance and Revenue at Ministry of Finance, Government of Pakistan. He has also been on the Board of Directors of Pakistan International Airlines and Associate Dean at Lahore University of Management Sciences. He has also served in various task forces of Government of Pakistan.

While talking to media men soon after the election, the newly elected chairman advised small investors to invest their savings into those companies that give handsome return. He also briefed about the development of the country and said that Kashmir issue and increased poverty are the main hurdles between the development of the country.

Answering a question regarding Pak-India cross border investments, he said that this will be profitable for both the countries. He said that targets of Demutualization won’t be achieved without brokers’ involvement, therefore, he requested to the brokers of the Exchange to actively participate in this process.

Meanwhile, the Managing Director of the Lahore Stock Exchange Aftab Ahmad Chaudhry congratulated the new elected chairman of the Lahore Stock Exchange and expressed his hope that under the guidance of Salman Shah, the Exchange will achieve the targets of development rapidly using the vast financial experience of the chairman.