Stock exchanges
Number of listed companies
Domestic market capitalization
million US$

Pakistan Stock Exchange

Name Pakistan Stock Exchange
Country Pakistan
Number of listed companies 523
Domestic market capitalization 24900 million US$
SSE Partner Exchange Yes
Has annual sustainability report No

ESG reporting required as a listing rule No

Has written guidance on ESG reporting No

Offers ESG related training Yes

PSX provided training on Climate-related Financial Disclosures (TCFD recommendations) in collaboration with the SSE, CDP and IFC (source) and has also conducted various webinars on this front.

Market covered by sustainability-related index No

Has sustainability bond listing segment No

Has SME listing platform Yes

The Growth Enterprise Market (GEM) Board was launched in 2020 to facilitate small to medium growth enterprises. At present, three companies are listed on the GEM Board of PSX (press release).

Women on boards mandatory minimum rule Yes

See The Listed Companies (Code of Corporate Governance) Regulations, 2019, Chapter II (Number of Directorship and Composition of Board), regulation 7 on Page 3.

Additional information
PSX encourages listed companies to report on Sustainability vis SDGs. The PSX website consists of a webpage dedicated to SDGs and their reporting for listed companies. Furthermore, for the PSX Top 25 Companies Awards, PSX has included significant weightage for reporting on SDGs, diversity and inclusivity by listed companies to win the Award.

Organizational model of stock exchange
PSX is a listed company (June 2017) which underwent corporatisation and demutualisation in August, 2012. The three exchanges namely LSE (Lahore Stock Exchange), ISE (Islamabad Stock Exchange), & KSE (Karachi Stock Exchange) were integrated as a single entity, PSX, in January 2016.

Regulatory bodies
  • Securities & Exchange Commission of Pakistan (Apex Regulator)

Regulatory model
  • Strong Exchange SRO

About the stock exchange
Pakistan Stock Exchange is the national bourse of Pakistan and is located in Karachi, Pakistan.

Criteria for Stock Exchange Database

The SSE maintains a database of sustainability activities for all stock exchanges that are either members of the SSE initiative and/or members of the World Federation of Exchanges. This database is the most comprehensive database of stock exchanges worldwide and contains data on all main stock exchanges. The information in this database is intended to inform investors and other stakeholders on the work stock exchanges are undertaking to advance sustainability in their respective markets.

The information provided in this database is based on publicly available information prepared by the SSE Secretariat with input from stock exchanges in most instances. Sources and explanatory notes on sustainability information have been included in individual Stock Exchange Fact Sheets. The criteria for each category can be found below.

While every effort is made to keep the information in this database up to date, please be aware that certain factors change frequently and therefore may not be exact, such as the number of listed companies or market cap.


Criteria Considered

Country Country of primary residence or registration
Has signed the SSE Commitment Letter? To be considered an SSE Partner Exchange, the CEO or Chairperson of the exchange must sign an SSE commitment letter. Contact the SSE for more information if your exchange would like to join.
Has annual sustainability report? For a yes, stock exchanges must report, either in a stand alone report or integrated into their financial report, on their environmental and social impact and corporate governance.
ESG reporting required as a listing rule? For a yes, all three factors have been considered (environmental, social and governance) within the listing rules for some or all listed companies. This requirement may come from the regulatory authority or the exchange, depending on the market.
Offers written guidance on ESG reporting? For a yes, all three factors have been considered (environmental, social and governance). The SSE has developed a model guidance that all exchanges can use to develop their own guidance to issuers. For more details, click here.
Offers ESG related training? For a yes, training must have taken place in the previous 12 months, and must be interactive. The topic of the training must be on some area of sustainability.
Market covered by sustainability-related index? Sustainability-related indices may include environmental or social  indices, or ESG indices. This could include specific themes, such as low carbon indices, or general sustainability indices. The index must be specific to the market the exchange operates in (a region or world index is not included).
Has sustainability bond listing segment? For a yes, the exchange has developed the rules and regulations allowing for sustainability bonds to be listed, and provides a separate segment for listing making the bonds easy to find and identify.
Has an SME listing platform? For a yes, the exchange offers a listing platform specifically for Small-and-Medium sized enterprises.
Additional Information Additional Information captures exchanges’: sustainability section of websites,  sustainability products not captured under indices; information on future sustainability commitments and other information on the exchange
Organizational model of stock exchange Whether the exchange is listed or not, and when it was demutualized
Regulatory bodies The regulatory authority that sets listing requirements and capital market regulation for the exchange's market
Regulatory model

The extent to which exchanges have regulatory authority in their market. This may include:

  • Limited exchange SRO
  • Strong exchange SRO
  • Independent member SRO
  • Government (Statutory)
  • Non-SRO
About the stock exchange The location of the headquarters of the exchange, and any additional details about the stock exchange.