Karachi: The Pakistan Stock Exchange (PSX) has announced the receipt of a condolence letter from the Chinese Investor Consortium regarding the passing of Dr. Shamshad Akhtar, the former Chairperson of the Board of Directors. The letter, dated December 30, 2025, expresses the consortium’s shock and sorrow at the sudden demise of Dr. Akhtar.

Dr. Akhtar’s leadership at the PSX was marked by her ability to navigate challenges with courage and grace, all the while maintaining high standards of governance within the exchange and the broader capital market. Her tenure saw significant contributions, especially in policy formulation and initiatives that transformed the fixed income segment of the market. According to information available from the Pakistan Stock Exchange (PSX), her efforts enabled the Government of Pakistan to explore new funding sources for Shariah-compliant government securities issuance.

Moreover, Dr. Akhtar’s impact on Environmental, Social, and Governance (ESG) activities has heightened awareness about gender and climate issues within the domestic corporate sector. Her initiatives have positioned PSX prominently in the global exchanges’ ESG space.

The letter also highlights Dr. Akhtar’s support for the Chinese Consortium while maintaining a balanced approach to the interests of all PSX shareholders. Her integrity, honesty, and professionalism were key features of her leadership style, fostering harmony and consensus within the Board of the Exchange.

Dr. Akhtar’s passing is a significant loss to the Board of PSX, its members, and the broader securities industry and financial market in Pakistan. Her legacy of leadership and dedication to Pakistan’s economic development continues to inspire those who worked with her and knew her.