SECP chief visits PSX, discusses reform agenda with directors

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KARACHI: Securities and Exchange Commission of Pakistan (SECP) Chairman Farrukh H Sabzwari, along with his team, visited the Pakistan Stock Exchange Limited (PSX) on Thursday to hold meetings with members of the PSX board of directors and management.

Farrukh H Sabzwari emphasised that the capital market has a pivotal role in boosting the economic activity of the country, adding that the commission, in line with the vision of the government, is therefore focused on implementing a multifaceted reform agenda for the development of the market as a globally competitive investment destination.

The PSX members, during the meeting, gave an overview of the past and present reforms in the market. Both sides discussed measures required for further development of the market through timely introduction of new products, developmental reforms, measures for investor protection and efforts for expanding market outreach through investor education and awareness initiatives.

Expounding on the role of PSX as a capital generation platform, the meeting also deliberated on measures required to promote new listings of equity issues and to channelise efforts for the listing of small and medium enterprises.

It was stressed that PSX is a viable platform to meet the infrastructural financing needs of the government and to increase retail participation in government and corporate debt segment.

The PSX board of directors thanked the SECP chairman and his team and expressed their resolve to continue working tirelessly for the development of the market.

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