A delegation of China Development Bank (CDB) headed by its Deputy Director General Liu Hui, called on Tahir Mahmood, Chairman of Securities and Exchange Commission of Pakistan (SECP), on Friday.
Tahir Mahmood apprised the delegation of rules, regulations and procedures that govern registration of foreign companies in Pakistan. He also briefed the delegation on the dynamics of Pakistan’s capital market and available investment opportunities.
He underscored the high value of Pakistan’s stock market and briefed the delegation on long-term and short-term financial instruments to supplement financing for large-scale projects. The SECP chairman answered the questions of the members of the delegation in respect to the current business climate. He emphasized that the economic indicators this year had seen major improvement and subsequently the environment remains conducive to making investments.
CDB Deputy Director General Liu Hui informed the SECP chairman that the Pak-China Investment Company Limited (Pak-China) was a joint venture of CDB with the government of Pakistan. She said this was CDB’s only joint business venture in the world. She said that the CDB intended to make investments in infrastructure and energy projects in Pakistan. Liu Hui also informed the chairman that the CDB intended to establish an Asset Management Company (AMC) as subsidiary of Pak China Investment Company.
The SECP chairman assured them of complete cooperation in facilitating CDB with respect to its current and future ventures in Pakistan. He said the SECP can arrange briefing sessions for Chinese businessmen through video-conferencing facility and can also provide facilitation guidelines for the Chinese investors. The meeting was also attended by the MD and DMD of Pak-China. The SECP chairman was accompanied by members of concerned departments of the SECP.
