The Chairman, Securities and Exchange Commission of Pakistan (SECP) along with senior members of his team briefed the Federal Minister for Finance, Senator Mohammad Ishaq Dar, on the progress regarding the divestment of shareholding of Pakistan Stock Exchange (PSX).
The Minister was updatedon the various discussions held between the SECP and the divestment committee of the Exchange and future steps to be taken for the timely and smooth divestment of PSX shareholding. The Minister was earlier in a meeting last week briefed on the overwhelming response received from foreign and local institutions against the expression of interest invited by PSX, which were being scrutinized by the SECP. The honorable Finance Minister while communicated his full support to the various market developmental measures being undertaken by the SECPfor the organized development of the capital market reiterated that while finalizing the divestment national interest should be kept supreme.
Additionally, the Finance Minister was briefed on the proposed road map for further development of capital markets in the country. Different models for raising funds for undertaking infrastructure projects in the country were also discussed. Finance Minister was also briefed on same important conference being planned by SECP in the coming months.
Finance Minister appreciated the role of SECP in development of capital markets and expressed his full support for its initiatives.
The meeting was attended by senior officers of the Ministry of Finance and the Securities and Exchange Commission of Pakistan.
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