ISLAMABAD: The Pakistan Stock Exchange (PSX) appointed Dr. Shamshad Akhtar, a former caretaker Finance Minister of Pakistan, as its first female chair on Wednesday.
A development economist and former central bank governor — also the first woman to assume this position — Akhtar previously served at the Asian Development Bank, was a senior adviser to the then UN Secretary-General Ban Ki-moon, and the World Bank’s vice president for the Middle East and North Africa.
In 2008, The Wall Street Journal named her one of the top ten women leaders in Asia.
She was appointed the PSX chairperson by the exchange’s newly elected board of directors.
“This is a momentous occasion for the women of Pakistan that for the first time in the history of the capital market of the country, a woman has been elected as the Board Chairperson,” the PSX said in a statement.
“Dr. Shamshad Akhtar needs no introduction as she is a veteran of the financial markets of Pakistan,” the PSX said. “She spearheaded the capital market development reforms during her tenure at the Asian Development Bank in 1990s and more recently worked with the industry on the Capital Market Roadmap in her capacity as the Caretaker Finance Minister.”
On her new role as the bourse’s chairperson, Akhtar said she looks forward to “further transform PSX as a premier institution so it can play a critical role in raising its market capitalization through deepening of debt and equity markets, broadening its investor and product base and service efficiently all its clients upholding high standards of governance.”
PSX chief executive Farrukh H. Khan welcomed Akhtar’s appointment: “We are particularly excited and proud to have someone of the caliber of Dr. Akhtar, to be the chairperson of PSX,” he said.
“Her understanding of capital markets and global experience will be invaluable in the development of capital markets and PSX. The fact that she is the first woman to chair PSX adds to our pride and excitement in welcoming her.”
Pakistan Stock Exchange appoints first woman chairperson
https://arab.news/ym7de
Pakistan Stock Exchange appoints first woman chairperson
- Dr. Shamshad Akhtar previously served as governor of Pakistan’s central bank and senior adviser to former UN secretary-general Ban Ki-moon
- In 2008, The Wall Street Journal named her one of the top ten women leaders in Asia
Pakistan Airports Authority reports ‘historic’ twin-engine aircraft landing in Lahore
- Twin-engine aircraft are usually larger, heavier and require better airport infrastructure, navigation systems to land
- Pakistan Airports Authority says landing reflects its commitment to enhance aviation sector, strengthen infrastructure
ISLAMABAD: The Pakistan Airports Authority (PAA) announced on Saturday that the New General Aviation Aerodrome achieved a significant milestone when it handled the landing of a twin-engine aircraft.
A twin-engine aircraft has two engines that provide it redundancy and increased performance compared to single-engine counterparts. These aircraft range from small twin-engine propeller planes to large commercial jetliners. The presence of multiple engines enhances safety by allowing the aircraft to continue flying in the event of an engine failure.
However, twin-engine aircraft are usually larger, heavier and more complex than single-engine planes. They require advanced airport infrastructure such as better runways, navigation systems and air traffic coordination.
“The New General Aviation Aerodrome, Lahore achieved another significant operational milestone today with the successful landing of a twin-engine aircraft, following the recent arrival of a single-engine aircraft,” the PAA said in a statement.
It said the flight was also boarded by Air Vice Marshal Zeeshan Saeed, the director general of the PAA. The move reflected “strong institutional confidence” in the aerodrome’s safety standards, operational capability, and overall readiness, it added.
“The landing was conducted with exceptional precision and professionalism, demonstrating the aerodrome’s robust operational framework, technical preparedness, and effective airside coordination in accordance with contemporary aviation requirements,” the PAA said.
It said the landing represented a “major advancement” in Pakistan’s general aviation sector and underscores the PAA’s commitment to enhancing regional aviation capacity, strengthening infrastructure and promoting excellence in aviation development.
