Farrukh H Khan has resigned as the Chief Executive Officer (CEO) of the Pakistan Stock Exchange (PSX), effective immediately. His resignation comes nearly a year and a half before the end of his term.
The PSX announced the news on Friday, stating Khan left to “pursue other opportunities.” An emergency board meeting was scheduled to consider his resignation formally.
Khan began his tenure at the PSX in February 2020, coinciding with the onset of the COVID-19 pandemic. Despite the challenges, he led several key initiatives, including reactivating the IPO window, introducing the Growth Enterprise Market (GEM) Board, and digitizing the exchange with facilities like online account opening and EIPO. He also launched the Roshan Equity Investment account to facilitate investments by non-resident Pakistanis.
The PSX Board will now start the process of selecting a new CEO.