Pakistan Stock Exchange formally launched
Stock exchanges of Lahore, Karachi and Islamabad have been merged to form PSX
Finance Minister Ishaq Dar rings the gong to mark the opening of Pakistan Stock Exchange in Islamabad on January 11, 2016. PHOTO: PID
Finance Minister Ishaq Dar on Monday inaugurated the Pakistan Stock Exchange (PSX), which has been formed after the merger of the three stock exchanges of Lahore, Karachi and Islamabad.
“Today is a historic day for Pakistan. It took 15 years to make the PSC dream come true. The KSE will now be called PSX,” Ishaq Dar said while addressing the inaugural ceremony of the PSE.
Pakistan has a bright future ahead and all issues can be resolved with honesty and sincerity, Dar said. “Government’s vision is very clear on law-making. With honesty and sincerity everything can be done,” he said.
Launch: Under emblem of PSX, there lays some bitterness
“The integration of three exchanges has completed the second phase of the Stock Exchanges Demutualisation and Integration Act 2012, passed by a joint session of parliament,” Radio Pakistan reported.
Further, the finance minister said the government has prepared a roadmap for reviving Pakistan’s economy and is working in all sectors of the economy. “We have foreign exchange reserves for at least six months. Around 22 international institutions have recognised the Pakistani economy as a stable macro economy.”
Dar said the economy was facing a very dangerous situation in 2012-13 but due to the efforts of the incumbent government the international rating of Pakistan’s economy has turned positive. “Pakistan is now attracting foreign investments and our economy is only getting better.”
Stock exchange merger: Grand launch planned next month
Lauding the government’s efforts for restoring peace and stability in the country, the minister said his government is trying its best to counter terrorism across the country. However, he advised that politics should not be involved in issues of national importance.
Regarding the ongoing energy crisis in the country, Dar claimed that around 10,000MW of electricity would be added to the national grid by March 2018.
“Today is a historic day for Pakistan. It took 15 years to make the PSC dream come true. The KSE will now be called PSX,” Ishaq Dar said while addressing the inaugural ceremony of the PSE.
Pakistan has a bright future ahead and all issues can be resolved with honesty and sincerity, Dar said. “Government’s vision is very clear on law-making. With honesty and sincerity everything can be done,” he said.
Launch: Under emblem of PSX, there lays some bitterness
“The integration of three exchanges has completed the second phase of the Stock Exchanges Demutualisation and Integration Act 2012, passed by a joint session of parliament,” Radio Pakistan reported.
Further, the finance minister said the government has prepared a roadmap for reviving Pakistan’s economy and is working in all sectors of the economy. “We have foreign exchange reserves for at least six months. Around 22 international institutions have recognised the Pakistani economy as a stable macro economy.”
Dar said the economy was facing a very dangerous situation in 2012-13 but due to the efforts of the incumbent government the international rating of Pakistan’s economy has turned positive. “Pakistan is now attracting foreign investments and our economy is only getting better.”
Stock exchange merger: Grand launch planned next month
Lauding the government’s efforts for restoring peace and stability in the country, the minister said his government is trying its best to counter terrorism across the country. However, he advised that politics should not be involved in issues of national importance.
Regarding the ongoing energy crisis in the country, Dar claimed that around 10,000MW of electricity would be added to the national grid by March 2018.