Capital markets: Local bourses discuss collaboration

LAHORE:

All three stock exchanges of Pakistan hold the first ever high-level meeting to discuss way for strategic cooperation amongst the exchanges after demutualisation.

The meeting was chaired by former finance minister Dr Salman Shah who is also serving as the Chairman of the LSE, and was attended by members of the board of directors of the LSE, management and directors of the Karachi Stock Exchange and the Islamabad Stock Exchange.

Shah said all the exchanges need to form a consensus and frame a joint long-term development proposal for the capital market, while addressing the meeting at the Lahore Stock Exchange (LSE)

An initial agreement on forming a joint steering committee was also
reached which may be formalised soon.

Published in The Express Tribune, December 5^th, 2012.