European Union’s special delegation to Pakistan has been tasked with finding opportunities to increase trade and finance between the European Union and Pakistan. It was disclosed by Deputy Head of EU Delegation to Pakistan Pierre Mayaudon, and First Counselor Political/Trade of EU Union Delegation Alexandre Borges Gomes who met members of the Lahore Stock Exchange (LSE) and prominent business figures here on Monday.
LSE CIO Khurram Zafar briefed the visitors about the role of the exchange and highlighted the role of LSE in the development of capital markets in the country. He indicated that the LSE was the first stock exchange in the country to introduce electronic trading back in 1997 and had gone on to indigenously develop its own trading platform called ULTRA. This trading platform was subsequently been sold to Karachi, Islamabad and Ghana Stock Exchanges. LSE was also the only stock exchange to focus on retail expansion by setting up regional trading floors. He emphasised that stock market in Pakistan offers a favourable and open environment to foreign investors.
LSE Managing Director Aftab Ahmed Chaudhry highlighted various initiatives to be taken by the exchange in future to promote business opportunities and investments in various sectors of Pakistan. He told the visiting dignitaries that there were many opportunities, even at the small and medium scale, still needed to be tapped by entrepreneurs and companies.