ISLAMABAD: Karachi Stock Exchange (KSE), Lahore Stock Exchange (LSE) Islamabad Stock Exchange (ISE) have been integrated to form national stock exchange to be called as “Pakistan Stock Exchange” (PSE).
In this regard, a Memorandum of Understanding (MoU) was signed at Securities and Exchange Commission of Pakistan (SECP) on Thursday by the chairmen of respective de-mutualization committees.
Minister for Finance, Senator Muhammad Ishaq Dar, Chairman SECP, Zafar Hijazi, Deputy Governor State Bank of Pakistan, Saeed Ahmad also witnessed the signing ceremony.
Speaking on the occasion, Finance Minister said that the government was working hard to improve the capital market outlook for attracting the foreign direct investment in the country for the prosperity of the country.
The minister reiterated the government’s resolve for creating a strong, vibrant and competitive financial and capital market for building a strong economy in order to further strengthen the national economy.
Ishaq Dar termed the scheme of integration a win-win situation for all the stakeholders and a landmark achievement which would go a long way towards sustainable development of capital market of the country.
He appreciated SECP and assured full support of the government to achieve divestment of shares of public sector enterprises to get the full benefits of the exercise.
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