MoU for Pakistan Stock Exchange signed

ISLAMABAD:

Finance minister Ishaq Dar on Thursday said Pakistan’s foreign exchange reserves will go up by $21 billion by the end of the year.

He made the remark at the signing of a memorandum of understanding for the establishment of the Pakistan Stock Exchange by merging the Karachi, Lahore and Islamabad exchanges.

Addressing the ceremony, Dar said Pakistan will now get its due share in the international capital market and will be counted among the fast developing markets of the world. He said that the government was committed to making sure the Pakistan Stock Exchange would meet international standards. Pointing out that the decision to merge the stock exchanges was taken as recently as August 25, Dar drew attention to the pace with which the decision had been implemented.

Published in The Express Tribune, August 28^th, 2015.