PSX welcomes US Ambassador visit with a Gong Ceremony.

Karachi -- A Gong Ceremony was held at Pakistan Stock Exchange (PSX) on the visit of the Ambassador of the United States of America to Pakistan, Mr. Donald Blome, to PSX. The US Ambassador, accompanied by the US Consul General in Karachi, Mr. Mark Stroh, and his team, were welcomed at the Exchange by the PSX Chairperson, Dr. Shamshad Akhtar; MD and CEO PSX, Mr. Farrukh H. Khan; PSX Board Members; senior management of the Exchange and senior members of the business community.

The gong was struck by the US Ambassador amidst the presence of the US delegation and the PSX team to open the trading day. Speaking at the occasion, the MD PSX, Mr. Farrukh Khan, stated, 'I welcome the US Ambassador to PSX and to Karachi, the financial hub of Pakistan. We are happy that he has come to PSX during his first visit to Karachi. We are honoured by this visit and look forward to a fruitful dialogue with the Ambassador and his team to find ways to generate greater interest from US investors, institutional and individual, in our capital market.'

He further stated, 'Since the market opened to international investors in 1991, US institutional investors have been regular and important participants in the market. PSX is continuing on the path of progress, introducing innovative products and offerings for investors. Our regulatory, operational and accounting disclosure standards meet global standards and, in many cases, are better than other Asian markets. Despite the current economic challenges impacting the global economy in general and...