LONDON: Federal Finance Minister Ishaq Dar has called on London Stock Exchange Group (LSEG) Chief of Staff and Business Development Head Nikhil Rathi and LSEG Primary Markets senior advisor Gavin Sullivan at Pakistan High Commission London and shared economic success stories of Pakistan with them.
The minister hoped that Pakistan would soon join the emerging markets league. He stated that the rating agencies are revisiting the credit ratings of Pakistan due to its recent positive economic outlook.
Rathi congratulated Minister on successful issuance of Euro and Sukuk bonds in the past two years and said that the LSEG would like to collaborate with Pakistan, especially on the issuance of bonds in the next fiscal year. He particularly expressed interest in Sukuk bonds and offered London Stock Exchange for listing of future bonds. Rathi also welcomed collaboration between Karachi Stock Exchange and London Stock Exchange.
Syed Ibne Abbas, Pakistan High Commissioner to the UK, was also present in the meeting.
In February this year, Karachi Stock Exchange collaborated with London Stock Exchange to hold Pakistan Capital Markets Day at London Stock Exchange. During this two day event, 140 investor meetings were held between 68 financial institutions and 14 top performing Pakistani companies.
The Minister stopped in London on his way to attend spring meetings with IMF and World Bank in Washington DC.
