BusinessPakistan

PSX To Setup Fund For Terrorist Attack Victims

The management of Pakistan Stock Exchange (PSX) has decided to set up a financial fund to help the victims of the terrorist attack on the exchange.

Farrukh Khan, Chief Executive Officer (CEO) PSX, said that approval from the board would be sought soon for setting up the fund. Farrukh said that the fund would be approved soon by the board. The fund will provide financial assistance to the families of those injured and killed in the stock exchange attack as they have saved precious lives.

Farrukh Khan said that all the industries, financial institutions, brokers and banks present in the PSX building will also be asked to contribute to this fund.

PSX was the target of a terrorist attack on Monday morning. The situation was brought under control as security forces, including Police and Rangers, dealt with the situation effectively and very quickly.

Four heavily armed terrorists attempted to enter Pakistan Stock Exchange premises on Monday at about 10:02 am. The attackers were stopped from entering the premises of the Exchange. The security forces including guards, police and Rangers dealt with the situation bravely, skillfully and in a timely manner. In the exchange of fire, all the terrorists were killed.

 Two security personnel were injured while three personnel including two private security guards and one ASI lost their lives in the line of duty. The situation was brought under control within about 12 minutes.

Throughout this turmoil, the Stock Market continued to operate normally and trading continued.

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