Pakistan Stock Exchange officially inaugurated
KARACHI: Finance Minister Ishaq Dar formally inaugurated the Pakistan Stock Exchange (PSX) on Monday. PSX is the combination of three stock exchanges of Karachi, Lahore and Islamabad.
While addressing the inauguration ceremony, Dar said “today is the historical day for Pakistan. It took 15 years to make the PSC dream come true. Now KSE will now be called PSX.”
“The amalgamation of three stock exchanges has completed the second segment of the Stock Exchange Demutualisation and assimilation of Act 2012, passed by the mutual session of parliament,” Radio Pakistan reported.
Pakistan has a bright future, and all issues can be resolved with sincerity and honesty, Dar cited.
The government of Pakistan has prepared a roadmap for stimulating country’s economy and working for the sectors of economy. “Around 22 international institutions have recognized Pakistani economy as a stable macro economy,” said Dar. We have foreign exchange reserves for at least six months.
In 2012-13 the economy was facing serious issues, due to the efforts of the present government the international rating of Pakistan’s economy has turned positive.
Praising the government’s efforts for restoring peace in the country, the minister said the government is trying its best to contradict terrorism across the country. “Pakistan is now attracting foreign investments and our economy is getting better,” said Dar.