HK conference woos capital market investors

International business community pinning hopes on current government.

KARACHI: In what seems to be a  step towards getting Pakistan’s stock market recognised, one of the leading brokerage houses, AKD Securities in association with the Karachi Stock Exchange (KSE) and Bloomberg, held the “Pakistan Investor Day” conference in Hong Kong.

This is not the first time such a conference has been held as several conferences and seminars have been organised in the past to highlight the importance of Pakistan’s capital market globally.

“This conference, which was the first of its kind in Hong Kong, introduced Pakistan and its capital markets to a fresh class of investors,” an official of AKD Securities told The Express Tribune.



AKD and the KSE were joined at the event by some of Pakistan’s top-tier corporates including Oil and Gas Development Company, Engro Corporation, Pakistan Petroleum Limited, United Bank Limited, Fauji Fertilizer Company and DG Khan Cement.

The conference, held on January 21, was attended by leading regional asset management companies, some of which had already invested in Pakistan’s stock market.

“Pakistan is a business hub for investors and offers guaranteed returns in various sectors,” Consul General of Pakistan Ghufran Memon remarked, while discussing the macroeconomic situation along with the capital market dynamics.

AKD Securities Director Research and Business Development Naveed Vakil believed that the conference paved the way for foreign investors, who were keen to explore different fields in Pakistan.

“The international business community participating in the conference is pinning its hopes on the current PML-N government, which, it believes, can play a vital role in stabilising the economy,” Vakil said.

AKD Securities CEO Farid Alam commented that the conference was not only welcomed by the foreign delegates, but it also provided a concrete platform for opinion leaders to interact with Pakistani businessmen.

Published in The Express Tribune, February 1^st,  2014.

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