Advertisement
Categories: BusinessNewsPakistan

PSX CEO Farrukh H Khan Resigns

Advertisement

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.

Advertisement
News Desk

Recent Posts

Emirates Reduces Flight Schedule Until Further Notice

Emirates can confirm that it is currently operating a reduced flight schedule until further notice.…

6 minutes ago

Pakistan Launches 56 Strikes Against TTP in Afghanistan

Pakistan Conducts 56 Strikes Inside Afghanistan Pakistani security officials have announced that at least 56…

48 minutes ago

Real Madrid vow to keep fighting after slipping four points behind Barca

Real Madrid, under the guidance of under-pressure coach Alvaro Arbeloa, are maintaining their resolve and…

56 minutes ago

US Navy turning to India’s ports amid Iran tensions

ISLAMABAD: A former senior adviser to the US Secretary of Defense has claimed that the…

1 hour ago

Over 200 dead in Congo mine landslide, rebel group reports lower death toll

More than 200 lives were tragically lost when a landslide triggered by heavy rains struck…

3 hours ago

PSX Surges Over 5K Points on Stronger Trade

Following geopolitical tensions in the Middle East that had unsettled markets across Asia, Pakistan's stock…

3 hours ago