PakBiz
  Join Free   |    Sign In   |    Gold Rate SMS   |    Contact Us 
Home Buying Offers Selling Offers Products Trade Shows Finance Videos Services
Facebook Like
Twitter Like
 or 
All
Products
Selling Leads
Buying Leads
Companies
Advance Search
 Home > Articles
KSE, LSE, ISE integrated into Pakistan Stock Exchange
Published on Aug 28, 2015 , by PakBiz.com
The government has integrated Karachi Stock Exchange (KSE), Lahore Stock Exchange (LSE) Islamabad Stock Exchange (ISE) 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. The government, he said was determined to promote standards and quality for the corporate sector and capital market in collaboration with SECP adding that government was also working to implement a robust reforms agenda with focus on strengthening good governance practices. Ishaq Dar also lauded SECP for getting Pakistan’s index reclassified in upcoming annual market classification review of MSCI and pushed the SECP for reclassification of Pakistan’s capital market as MSCI emerging market. The minister also reaffirmed the government’s resolve to build forex reserves by US$ 21 billion by the end of current calendar year besides narrowing the gap between income and expenditure of the government. Ishaq Dar said that fight against terrorism and extremism was heading towards success and expressed the hope that soon country would become a peaceful and prosperous country. About the recent fluctuation in international capital market, the minister said that it was temporary and local economy has strength with strong fundamentals the ability to absorb these shocks. He called for avoiding the speculations and panic as it was a routine exercise in capital market and would soon be settled. Speaking on the occasion, Chairman SECP, Zafar Hijazi said that SECP has achieved successes including de-mutualization and legislation and played a key role to make the capital market of the country as hub of foreign investment. He informed that the integration process was not a new as many developed economies like Hong Kong, Singapore and Malaysia have one capital market and recently India has also merged its 23 stock exchanges into single stock exchange.

News Source: Samaa TV

KSE-Karachi Stock Exchange

KSE Market Summary

KSE Trade Screen

PSE-Pakistan Stock Exchange

National Stock Exchange-PSE

KSE Discussion Forum

KSE Shares Analysis

Comments
We are project funder with our cutting edge and group capital fund we can finance your signatory projects and help you to enhance your business plan, our financial instrument can be used for purchase of good from any manufacturer irrespective of location. We specialized in BG, SBLC, MTN, CD,LC , Non collateral loan, confirmable Bank Draft and other financial assistance from AAA rated bank (Prime Bank). The financial instrument can be invested into High Yield Trading Program or Private Placement Programme (PPP). Please see our instrument description and leasing procedure as follow. DESCRIPTION OF INSTRUMENT: 1. Instrument: Bank Guarantee {BG} /StandBy Letter of Credit{SBLC} (Appendix A) 2. Total Face Value: Eur/USD 1M{Minimum} to Eur/USD 10B{Maximum} 3. Issuing Bank: AAA Rated Bank (Prime Bank). 4. Age: One Year and One Day 5. Leasing Price: 5.0% + 2% Broker commission 6. Delivery: S.W.I.F.T MT-760 7. Payment: MT103 (TT/WT) 8. Hard Copy: Bonded Courier Service We specialize in Bank Guarantee lease and sales, there are two types of bank guarantee which are Direct Bank Guarantee and Indirect Bank Guarantee. Its used as Bid Bond, Payment Guarantees, Letter of Indemnity, Guarantee Securing Credit Line, Advance Payment Guarantees, Performance Bond Guarantee E.T.C. Intermediaries/Consultants/Brokers are welcome to bring their clients and are 100% protected. In complete confidence, we will work together for the benefits of all parties involved. Thank you Email: bgmandate.ghosh@gmail.com Skype: joydeep.ghosh10

Name:
Email:
Comments:
Enter The Code:

Follow PakBiz
Product inspection
TianChi 15L storage liquid nitrogen tank quotation in TW
TianChi 10L portable liquid nitrogen tank quotation in SY
Nouman Roy
mangos
looking to buy T-shirt
T.F Block factory
CHILDREN'S CLOTHES MANUFACTURERS (OWN BRAND WTIH LOGO)
SUPPLY OF T-SHIRT
Ship spares ( from ship breaking Yard )
View All
Find UPS Suppliers
PakBiz.com Finance
Gold Rates
Prize Bond
Pakistan Stock Exchange
Currency Rates
Petroleum Prices
CNG Prices
Finance News
Popular Searches: Prize Bond List 750 Peshawar, Prize Bond Schedule 2017, National Savings Pakistan, Generator Price in Pakistan, Fan Price in Pakistan, Dollar Rate in Pakistan, UPS Price in Pakistan 2017, Inverter Price in Pakistan 2017, T Shirts in Pakistan, Chemical industry in Pakistan, State Bank Draw Result 750, Currency Rate in Pakistan, Pakistan News Update, Petrol Price in Pakistan, PSX Market Summary, KSE Market Summary, Premium Prize Bond 40000 (Registered), Gold Rate in Pakistan, AC Aircondition Price in Pakistan 2017

Home  | Sellers  | Buyers  | Service Providers  | Categories  | About Us  | Privacy Policy | Terms of Use | Contact Us | Advertising
WebizMedia.com
Copyright © 2017 PakBiz.com All Rights Reserved.