The visiting capital market delegates from Pakistan exchanged views with the Indian regulators to learn about each other’s markets and explore avenues for future cooperation. The delegates explored many areas such as, investors’ protection/education, capacity building, IPO reforms, SME listing and market operations, etc, for which both sides can develop area wise plan for enhancing sustained cooperation. Imtiaz Haider, Commissioner Securities Market Division of SECP, who is leading the capital market focus group from Pakistan to a week-long visit to India under Aman Ki Asha (Hope for Peace) initiative, stated the visit has been a great learning experience for the entire team. He said we can now build capacity building cooperation with Indian regulators, as well as other capital market institutions of India. The delegation from Pakistan visited Securities and Exchange Board of India yesterday, where they met Mr Rajeeve Agarwal, the full time member of SEBI. It was given extensive briefing by senior SEBI officials including Mr S Ramann and Mr PK Nagpal, the executive directors of SEBI. The delegation also met with the officials of National Institute of Securities Markets and visited the largest stock exchange of India, National Stock Exchange, where they met with the officials from NSCCL and NCDEX. The visiting delegation was apprised about the progress made by the Indian financial sector and how India has created world class capital market institutions by focusing on market outreach, through advanced IT and a home grown model of market discipline and investor protection. National Stock Exchange officials informed the visitors about how its market infrastructure has helped fuel the foreign investment in the country.
