Pakistan, Iran corporate regulators to boost ties

Agree on cross-listing of securities and road shows for investors.

ISLAMABAD: The corporate regulators of Pakistan and Iran have agreed to extend regional cooperation on Islamic products, coordination between market intermediaries of the two countries, coordination through credit-rating agencies, cross-listing of securities and road shows for awareness of investors.

These issues were discussed during the first meeting of the liaison committee held at the Securities and Exchange Commission of Pakistan (SECP) on Wednesday and attended by a high-level delegation of the Securities and Exchange Organisation (SEO) of Iran.

The committee was formed after the 2009 signing of a memorandum of understanding (MoU) on facilitating cooperation and sharing of information between the two organisations.

The capital market of Iran, with two exchanges, 340 listed companies and 3.4 million investors, of which 1.4 million are active, is very vibrant.

Published in The Express Tribune, September 8^th,  2011.