The conference generated awareness regarding opportunities in Pakistan’s capital markets. PHOTO: FILE
KARACHI: The Karachi Stock Exchange (KSE), in partnership with Bloomberg LP, a leading global financial news and data provider, and in coordination with JS Global, organised a ‘Pakistan Investment Conference’ in New York on June 10, 2013.
The conference brought the top management of Pakistan’s most successful listed companies and several international financial institutions and potential investors from across the United States together, said a press release.
The conference generated awareness regarding opportunities in Pakistan’s capital markets and the country’s long-term growth potential as a major emerging market with a large and vibrant domestic demand base.
While addressing the conference, KSE Chairman Muneer Kamal highlighted the strong performance of the Pakistani stock market despite the challenging global financial environment. Kamal said that the strong mandate of the new Pakistan Muslim League – Nawaz government meant policy implementations would likely be decisive and help stabilise the economy with action on key areas such as the power sector, taxation, privatisation and improved governance.
KSE MD Nadeem Naqvi elaborated on the significant improvement in the capital market regulatory regime both at the Securities and Exchange Commission of Pakistan level as well as the exchanges level with focus on systemic risk management, post demutualisation separation of regulatory and commercial functions of the exchanges to avoid conflict of interest and empowering investors to protect their interests.
Published in The Express Tribune, June 11th, 2013.
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PMLN is the good hope for Pakistan. We can foresee influx of FDI and portfolio investment very soon InshaAllah.
MD and chairman seems to be working for big brokers. Stock exchange is conduit for big brokers to hoodwink foreign buyers.SECP should check this.