November 28, 2022
Pakistan has been drastically hit by heavy rains in recent months. The excessive and unprecedented rainfall and ensuing floods wreaked havoc in different parts of the country with heavy loss of human lives, livestock and crops witnessed along with severe after-effects of the floods being faced by the people in the affected areas. In this respect, Pakistan Stock Exchange joined hands with Central Depository Company (CDC) and took the lead in the capital markets to contribute to the relief efforts of the flood victims. PSX collaborated with several NGOs to reach out to as many flood affectees in Pakistan as possible under the PSX CSR initiative. The objective of the flood relief initiative was to contribute to the health & social welfare in flood affected areas as well as provide relief in terms of meeting some of the food requirements in the said areas. A meeting was held at Pakistan Stock Exchange where cheques for flood relief were distributed to the respective NGO Heads. The cheques were presented by MD & CEO PSX, Mr. Farrukh H Khan, along with CEO CDC, Mr. Badiuddin Akber, amidst the presence of PSX Chief Marketing & Business Development Officer, Ms. Raeda Latif, and others. It is pertinent to mention that PSX employees also contributed towards the relief effort on an individual level alongside the company level efforts.