PSX elects new chairman, pays tribute to late chairperson

KARACHI: The Pakistan Stock Exchange Limited (PSX) announced the election of Ruhail Mohammad as Chairman of the Board for the remainder of the Board’s term, following the passing of former Chairperson Dr Shamshad Akhtar.

The election took place at a Board meeting in accordance with applicable legal and regulatory requirements.

Ruhail Mohammad brings over three decades of leadership experience across multiple sectors, with expertise in strategic oversight, institutional governance, and organizational development. During his tenure on the PSX Board, particularly as Chairman of the BAC, he played a key role in strengthening governance frameworks, enhancing financial discipline, and reinforcing internal controls.

Currently serving as CEO of Lucky Electric Power Company Limited, Mohammad has held board positions at Engro Corporation, K Electric, NBP Funds, the Pakistan Institute of Corporate Governance, the British Overseas School, KP Energy Board (PEDO), and as Chairman of Pakistan Mercantile Exchange Limited. He also serves on the boards of Lucky Group entities, NOWPDP-NGO, EFU Life Assurance, and Dawood Lawrencepur Limited.

Mohammad holds an MBA from the Institute of Business Administration, Pakistan, is a CFA charterholder, and has completed advanced programmes at INSEAD and Harvard Business School.

The PSX Board paid tribute to the late chairperson Dr Akhtar’s leadership, noting her significant contributions to Pakistan’s capital markets.

“Dr Shamshad Akhtar steered the Exchange through a period marked by notable challenges with courage, wisdom, and integrity. She upheld the highest standards of governance and professionalism, leaving a lasting legacy in policy formulation and strategic initiatives, particularly in advancing Pakistan’s fixed income market and facilitating access to Shariah-compliant government securities,” the Board said.

Copyright Business Recorder, 2026