FinMin stresses need for exploring global capital markets
Finance Minister Muhammad Aurangzeb is interviewed during the G20 Finance Ministers and Central Bank Governors' Meeting at the IMF and World Bank's 2024 annual Spring Meetings in Washington. PHOTO: Reuters
Finance Minister Muhammad Aurangzeb held an important meeting with the leadership of Servis Long March, including Chinese Chairman Jin Yongsheng and CEO Omar Saeed, on the eve of the Asian Financial Forum in Hong Kong, according to a statement issued by the finance ministry here on Sunday.
During the meeting, Minister Aurangzeb emphasised the importance of establishing a favourable policy framework to enable Pakistani businesses to explore opportunities in international equity capital markets.
He appreciated Servis Long March's intention to list on the Hong Kong Stock Exchange and assured the government of Pakistan's support not only for this listing but also for other companies pursuing international equity capital raising.
Chairman Jin Yongsheng and CEO Omar Saeed highlighted Servis Long March's growth trajectory and the potential benefits of its listing on an international platform to access global capital markets.
The discussions also focused on the broader implications of this collaboration, emphasising the need for enhancing Pakistan's presence in international financial markets and attracting foreign investment.
The meeting concluded with a mutual understanding of the need for continued dialogue and cooperation to address the complexities of international listings and capital raising.
The interaction between the finance minister and the Servis Long March leadership reflected a shared commitment to developing Pakistan's capital markets and strengthening the country's position in the global financial landscape.