KSE visit: Canadian HC says Pakistan has tremendous potential for socio-economic growth
KARACHI – The Canadian High Commissioner Heather Cruden on Wednesday visited the Karachi Stock Exchange (KSE), where she opened the market with the bell ceremony.
Speaking on the occasion, Cruden expressed her delight at the stellar performance of the Pakistan stock market during the last few years. She said that Canada and Pakistan had over 60 years of friendly relations and Canada had consistently supported Pakistan in its development efforts by providing expertise and financing of over $1 billion.
“Canadian values of promoting democracy, good governance and human rights were cornerstones of further strengthening the relationship between the two countries,” she said.
She said Pakistan has tremendous potential for socio-economic growth with multifarious business opportunities in a wide spectrum of industries and economic sectors.
On this occasion, KSE Managing Director Nadeem Naqvi gave a presentation to the Canadian HC regarding the dynamics of Pakistan capital market.
He highlighted the performance of stock market and the increasing role of foreign institutional portfolio investors whose holdings have now crossed 30% of the free float of listed companies’ shares.
He also outlined the eco-system of the capital market and the central role of the Securities and Exchange Commission of Pakistan (SECP) in regulation of the capital market and the securities industry.