ISLAMABAD – London Stock Exchange Group (LSEG) Chief of Staff and Head of Business Development Nikhil Rathi along with Senior Adviser Primary Markets at LSEG Gavin Sullivan called on Minister for Finance Ishaq Dar in London.
Dar shared the recent economic success stories of Pakistan and apprised of the successful completion of 6th review by IMF, a message received here from London said. The minister hoped that Pakistan would soon to join the emerging markets league. He stated that the rating agencies were revisiting the credit ratings of Pakistan due to its recent positive economic outlook.
Rathi congratulated the minister on successful issuance of Euro and Sukuk bonds in the past two years and said that 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. He also welcomed collaboration between Karachi Stock Exchange and London Stock Exchange.
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.
