LAHORE: Punjab Governor Rafique Ahmad Rajwana has appreciated the integration of the three stocks exchanges into one as the Pakistan Stock Exchange. He said that integration of Lahore, Karachi and Islamabad stock exchanges is a millstone for the economic growth and development in the country.
He was addressing the first informative and interactive session on “Shaping Pakistan’s Capital Market” held by Pakistan Stock Exchange.
He said Security and Exchange Commission of Pakistan has done a good job by integrating the three stocks and the positive gesture of three exchange members towards the setting up of mega Pakistan Stock Exchange was praiseworthy. The governor said that the government is working wholeheartedly to bring positive changes through education.
Talking about foreign investment, he said that world is coming to Pakistan to invest to see the fast revival of Pakistan economy is a good omen.
On the occasion he urged the investors and businessmen to also discharge their corporate social responsibilities to make the country batter place for the commoners.
On the occasion, Lahore Stock Exchange MD Ch Aftab said following the integration of Lahore, Islamabad and Karachi stock exchanges into Pakistan Stock Exchange listed companies will be able to get easy financing from banks with simple documents.
SECP Commissioner Tahir Mehmood said that PSE will help increase financial inclusion and banks accounts base will expand by manifolds from 15 percent to onward instead of documentation from three stock exchanges.
Other speakers discussed objective of this informative session in order to give awareness on Pakistan Stock Exchange.
