SECP directive: Committee formed to uplift stock markets

Committee tasked to review progress and prospects of the exchanges in bringing foreign strategic investment

ISLAMABAD:

The Securities and Exchange Commission of Pakistan (SECP) has constituted a committee to recommend a way forward, in an attempt to review progress and suggest ways to improve Pakistan’s stock markets.

The committee has been tasked to review progress and prospects of the exchanges in bringing foreign strategic investment as required under the Stock Exchanges Corporatization, Demutualization and Integration Act 2012.

According to the SECP, the demutualisation of stock exchanges was a revolutionary measure in the transformation of the Pakistani capital market and bringing it at par with global counterparts. The committee will accordingly suggest a scheme for achieving economies of scale and liquidity at the capital markets.

Published in The Express Tribune, March 21^st, 2015.

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