Gong ceremony to mark Energy Sukuk II issuance.

Pakistan Stock Exchange (PSX) held a gong ceremony to mark the successful book building and listing of Pakistan Energy Sukuk II amounting to Rs200 billion. The book building process was managed by Pakistan Stock Exchange. The gong striking ceremony was held to formally mark this exciting event of the first ever debt issuance through book building and listing of the debt issue at the Exchange.

The Advisor to Prime Minister on Finance and Revenue, Dr. Abdul Hafeez Shaikh graced the occasion with his presence as the Chief Guest at the event. Also present were Aamir Khan, Chairman, Securities and Exchange Commission of Pakistan; Dr. Reza Baqir, Governor, State Bank of Pakistan; Sulaiman Mehdi, Chairman PSX and Members of the PSX Board -Farrukh H. Khan, CEO, PSX; Arif Usmani, President and CEO, National Bank of Pakistan; Zain Hussain, CEO, Taurus Securities; Irfan Siddiqi, President and CEO, Meezan Bank; Dr. Naim Abdullah, Head of Treasury, Dubai Islamic Bank Pakistan; Atif Bajwa, President and CEO, Bank Alfalah; Aqeel Karim Dhedhi, Chairman, Pakistan Stock Brokers Association; Arif Habib and Jahangir Siddiqi, former presidents of Karachi Stock Exchange; businessmen, senior management and other staff members of banks, institutions and aforementioned organizations.

It was an exciting event with the CEO PSX welcoming the guests, followed by the Chief Guest along with the transaction leads struck the gong to open the market. It was followed the remarks by Aamir Khan, Chairman SECP Chairman. Dr Abdul Hafeez Shaikh congratulated the team on bringing the Sukuk Issuance to fruition. He also appreciated the strong performance of the Exchange and congratulated PSX on being named the best performing market in Asia. This is particularly creditable considering the recent challenges faced by Pakistan and Karachi. Sulaiman Mehdi, and Farrukh Khan expressed their gratitude to the Chief Guest for his visit.

Welcoming the Chief Guest and other guests at the occasion, Farrukh Khan said, "It is an honour for me and all of us at PSX that the Honourable Advisor on Finance and Revenue, Dr. Abdul Hafeez Shaikh is visiting us to formally mark the listing of PHL's Pakistan Energy Sukuk II. The competitive book building preceding the listing is a watershed event in itself not only for the Exchange and the capital market of the country, but also for the economy in general". He further added, "It sets precedence for other debt listings to engage in the...

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