PSX Welcomes Federal Finance Minister with a Gong Ceremony.

Karachi -- Pakistan Stock Exchange (PSX) held a Gong Ceremony to formally welcome the Federal Minister for Finance and Revenue, Dr. Miftah Ismail, to PSX. The gong was struck by the Minister to open the trading day amidst the presence of Chairperson PSX, Dr. Shamshad Akhtar; Chairman SECP, Mr. Aamir Khan; MD and CEO PSX, Mr. Farrukh H. Khan; PSX Board Members; key stakeholders and distinguished guests. Welcoming the Federal Minister for Finance and Revenue, the MD PSX, Mr. Farrukh Khan, stated, 'We are privileged to have the honourable Minister among us today and we welcome his presence at PSX wholeheartedly'. He further stated, 'It is imperative for the growth of Pakistan's economy to create a conducive environment which will help to attract more companies and investors to the capital markets. A broad based capital market helps to achieve important economic and social objectives, including improved savings and investment rates, documentation of the economy, increasing the number of tax payers and reducing wealth inequality. Hence, developing the capital markets is fully aligned with the government's stated objectives.' Mr. Khan added, 'Capital markets don't ask for any concessions or subsidies; we only want a level playing field compared to other asset classes and the large informal sector. Please give that to us, along with consistent tax and economic policies. On behalf of all the capital market stakeholders present here, I can commit that, with your support, we will grow PSX to its rightful place as a leading regional market, playing its due role in Pakistan's economic growth.' The Chairperson PSX, Dr. Shamshad Akhtar, thanked the Federal Finance Minister for his visit and apprised him of the recent developments at PSX while informing him of some of the concerns of PSX for the betterment of the capital markets and the economy. The Chairperson PSX...