- Urges SECP to set up PSX branch in Peshawar for facilitating KP investors
PESHAWAR, January 7: Chief Minister Khyber Pakhtunkhwa Pervez Khattak has welcomed establishment of Pakistan Stock Exchange (PSX) by merging the three stock exchanges of Karachi, Lahore and Islamabad, and urged the Securities and Exchange Commission of Pakistan (SECP) to set up a branch of PSX in Peshawar for better facilitating the capital investors of the province.
He said that after spending two and a half years for introducing enormous legislation, system reforms and policy initiatives, the present KP Government was now in an appropriate position to offer various feasible development projects for investment, particularly in energy, minerals and communications sectors. He assured that investors would be given fool proof security and other necessary facilities for such projects.
Speaking as Chief Guest at the awareness programme regarding PSX here on Thursday, the Chief Minister said that the KP government was not only encouraging the private sector but it had practically started to involve this sector in the service delivery, administration and policy making of various public sectors which mainly included health, industries, communication and education etc.
The programme was arranged by Karachi Stock Exchange (KSE) in collaboration with SECP and Arif Habib Group of companies.
The Chief Minister said that investment environment had been made quite favorable in KP by introducing the industrial and mineral policies and in such situation the proposed capital investment hubs by PSX would further enhance investment opportunities in this province.
The Chairman SECP, Zafarul Haq Hijazi in his speech told that capital hubs of SECP would be established in small cities and one of them had already been opened in Abbottabad. The Chairman said that he was more convinced by KP government initiatives for economic and industrial growth and will pursue companies to create capital market in Khyber Pakhtunkhwa.
