With the market at record highs, the resignation of Farrukh Khan, Managing Director of the Pakistan Stock Exchange (PSX), has sparked conversations regarding the direction the company would take going forward and the underlying reasons for his departure.
The PSX Board of Directors convened an emergency meeting after Farrukh Khan, the highest-paid MD in the stock exchange’s history, resigned. The abruptness of the decision is highlighted by sources who state that the board cannot lawfully reject his resignation.
According to Farrukh Khan, he has resigned in hopes of a better future.
Board member of the Pakistan Stock Exchange Ahmed Chinoy said he was surprised by Khan’s resignation and that the board was not informed of the reasons why. Khan, he claimed, was the highest-paid MD in history.
With the market at record highs, the resignation of Farrukh Khan, Managing Director of the Pakistan Stock Exchange (PSX), has sparked conversations regarding the direction the company would take going forward and the underlying reasons for his departure.
The PSX Board of Directors convened an emergency meeting after Farrukh Khan, the highest-paid MD in the stock exchange’s history, resigned. The abruptness of the decision is highlighted by sources who state that the board cannot lawfully reject his resignation.
According to Farrukh Khan, he has resigned in hopes of a better future.
A board member of the Pakistan Stock Exchange, Ahmed Chinoy, said he was surprised by Khan’s resignation and that the board was not informed of the reasons why. Khan, he claimed, was the highest-paid MD in history.
