Dr Shamshad Akhtar appointed as Chairperson BOD PSX

June 11, 2024 (MLN): Dr Shamshad Akhtar, an Independent Director has been appointed as the Chairperson of the Board of Directors of Pakistan Stock Exchange Limited (PSX) for the Board's term of three years. 

This marks her second term as Chairperson, with the new term commencing on April 19, 2024, for a period of three years.

The aforesaid information was disseminated through a notification by the local bourse on Tuesday. 

She had been appointed as the caretaker finance minister on August 17, 2023, to look after the matters of finance and revenue, economic affairs, statistics, and privatization. 

Her career spans several key roles, including her tenure as the Governor of the State Bank, where she served from 2006 to 2009, and became the first woman to head the country’s central bank.

Before she was appointed SBP governor, Dr Akhtar served the Asian Development Bank (ADB) as its Director General, Southeast Asia Department since January 2004. Earlier, she was Deputy Director General of the Department.

She also held the position of Director, Governance, Finance, and Trade Division for the East and Central Asia Department of ADB.

Born in Hyderabad, Dr. Akhtar received her early education in Karachi and Islamabad. She graduated from the University of Punjab with a B. A. Economics degree in 1974.

Dr Akhtar has an M.Sc. in Economics from the Quaid-e-Azam University, Islamabad, an M.A. in Development Economics from the University of Sussex in 1977, and a PhD in Economics from the U.K.’s Paisley College of Technology in 1980.

She is a post-doctoral fellowship Fulbright Scholar and was a visiting fellow at the Department of Economics, Harvard University in 1987.

She has interfaced and represented the Asian Development Bank at the Bank for International Settlements and the International Organization of Securities Commissions (IOSCO).

Dr. Akhtar has presented numerous papers on economics and finance at international conferences/seminars/symposia.

Her research interests include Monetary and Fiscal Policy, Banking and Capital Market, International Finance Architecture, Regulation and Supervision, and Industrial & Corporate Restructuring.

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