Khyber Pakhtunkhwa Chief Minister Pervez Khattak has welcomed the establishment of Pakistan Stock Exchange (PSX) by merging the three stock exchanges of Karachi, Lahore and Islamabad, and urged the Securities and Exchange Commission of Pakistan (SECP) to set up a branch of PSX in Peshawar for better facilitating the capital investors of the province.
He said after spending two and a half years for introducing enormous legislation, system reforms and policy initiatives, the present KP government was now in an appropriate position to offer various feasible development projects for investment, particularly in energy, minerals and communications sectors. He assured that investors would be given fool proof security and other necessary facilities for such projects.
Speaking as the chief guest at the awareness programme regarding PSX at a local hotel on Thursday, the chief minister said that the KP government was not only encouraging the private sector but it also practically started to involve this sector in the service delivery, administration and policy making of various public sectors which mainly included health, industries, communication and education etc.
The programme was arranged by the Karachi Stock Exchange (KSE) in collaboration with SECP and Arif Habib Group of Companies. SECP Chairman Zafarul Haq Hijazi, Chairman of Arif Habib Group, Arif Habib, and Managing Director of KSE Nadeem Naqvi also spoke on the occasion and highlighted capital market investment mechanism and opportunities in Pakistan. They also appreciated the governance and economic growth reforms of the present KP government. “The lucrative incentives announced by the KP government for industrialisation is wise and novel approach for ensuring rapid economic growth and overcoming unemployment,” remarked Arif Habib in his address.