Ruhail Muhammad Chairman Pakistan Stock Exchange is the latest leadership development at Pakistan’s premier capital market institution, following the passing of former Chairperson Dr. Shamshad Akhtar. The Pakistan Stock Exchange Limited (PSX) formally announced his election as Chairman of the Board of Directors through an official notice issued to stakeholders on Monday.
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Mr. Ruhail Muhammad will serve as Chairman for the remaining tenure of the PSX Board, in line with all applicable legal and regulatory requirements. His appointment comes at a critical time for Pakistan’s financial markets, where stability, governance, and investor confidence remain key priorities.
Leadership Transition at Pakistan Stock Exchange
The transition follows the demise of Dr. Shamshad Akhtar, former caretaker Federal Minister for Finance and former Governor of the State Bank of Pakistan, who passed away last month at the age of 71. Dr. Akhtar was widely respected for her contributions to Pakistan’s economic policy framework and financial sector reforms.
The appointment of Ruhail Muhammad Chairman Pakistan Stock Exchange reflects continuity, institutional strength, and a focus on professional governance at PSX.
Board Developments and Corporate Governance Updates
In addition to the leadership change, the PSX Board also considered the resignation of Dr. Fakhra Rizwan, who had been serving as Corporate Secretary and Chief Governance, Legal and Corporate Affairs Officer. Her departure marks another significant governance transition within the exchange, emphasizing the evolving corporate structure at PSX.
Who Is Ruhail Muhammad? A Proven Corporate Leader
Ruhail Muhammad Chairman Pakistan Stock Exchange brings over 35 years of diversified leadership experience across general management, strategy, financial planning, business development, and people leadership.
His career spans multiple high-impact sectors, including chemicals, energy, power generation, and financial services, making him one of Pakistan’s most seasoned corporate executives.
Ruhail Muhammad’s Professional Journey
Throughout his career, Mr. Muhammad has held several high-profile C-suite roles that shaped Pakistan’s corporate and industrial landscape:
• Current Role: CEO of Lucky Electric Power Company Limited, a 660 MW Independent Power Producer (IPP) and subsidiary of Lucky Cement
• Former CEO: Hub Power Holdings Limited (HUBCO subsidiary), Pakistan’s largest IPP group
• Former CEO: Engro Fertilizers Limited (2012–2018)
At HUBCO, he led portfolio expansion, onshore and offshore acquisitions, project financing, and financial restructuring initiatives to support long-term growth.
At Engro Fertilizers, his leadership coincided with major operational and strategic milestones in Pakistan’s agriculture and fertilizer sector.
Board Memberships and Governance Roles
Ruhail Muhammad Chairman Pakistan Stock Exchange has served on numerous prominent boards, strengthening corporate governance standards across sectors. His experience includes leadership and board roles at:
• Engro Corporation and its subsidiaries
• K-Electric
• NBP Funds
• Pakistan Institute of Corporate Governance
• British Overseas School
• KP Energy Development Organization (PEDO)
• Chairman, Pakistan Mercantile Exchange Limited
Currently, he serves on the boards of Lucky Electric Power Company Limited, EFU Life Assurance, Pakistan Stock Exchange, NOWPDP (NGO), and as Chairman of Dawood Lawrencepur Limited.
Educational Credentials and Global Exposure
Mr. Muhammad is a CFA Charter Holder and holds an MBA from the Institute of Business Administration (IBA), Pakistan. His international exposure includes:
• Advanced Management Program (AMP) at INSEAD
• Agri-Business Certification from Harvard Business School
These qualifications reinforce his strategic, financial, and governance expertise critical for his role as Ruhail Muhammad Chairman Pakistan Stock Exchange.
What Ruhail Muhammad’s Appointment Means for PSX
The election of Ruhail Muhammad Chairman Pakistan Stock Exchange signals:
• Strengthened corporate governance
• Enhanced strategic oversight
• Increased investor confidence
• Leadership continuity during economic transition
With Pakistan’s capital markets facing both domestic and global challenges, Mr. Muhammad’s experience is expected to play a pivotal role in guiding PSX’s future direction.