The Pakistan Stock Exchange (PSX) has elected Ruhail Ahmed as the new Chairman of its Board of Directors after the passing of former chairperson Dr Shamshad Akhtar. The decision was taken in accordance with regulatory requirements, and Ruhail Ahmed will serve for the remaining period of the current board’s term.
PSX officials said the appointment ensures continuity in leadership at a time when the stock market is showing strong activity and growing investor interest. Ruhail Ahmed is widely respected for his long career and deep understanding of Pakistan’s corporate and financial landscape.
He brings more than 35 years of leadership experience across key sectors of the economy, including energy, chemicals, and fertilizers. Over the years, he has held several senior management roles and served as chief executive officer at major companies. These include Lucky Electric Power Company Limited, Hub Power Holdings Limited, and Engro Fertilizers Limited. His experience in running large organizations is expected to support effective decision-making at the exchange.
In addition to executive roles, Ruhail Ahmed has served on the boards of various prominent companies and institutions. His boardroom experience has given him strong insight into governance, risk management, and long-term planning.
Market participants have welcomed his election, expressing confidence that his leadership will help strengthen PSX’s role as a key platform for capital formation in Pakistan. Analysts believe his background in industry and finance will be useful in supporting market stability and transparency.
The Pakistan Stock Exchange plays a vital role in the country’s economy by connecting investors with businesses. With Ruhail Ahmed as chairman, PSX aims to continue improving investor confidence, corporate governance, and overall market performance in the months ahead.
