PESHAWAR: The Pakistan Stock Exchange (PSX) will soon establish a representative office in Khyber Pakhtunkhwa to facilitate KP based Small and Medium Enterprises (SMEs). It was announced that investment conferences will be organised with a focus on KP investment opportunities.
This was revealed during the meeting chairman PSX Sulaiman S Mehdi with Chief Minister KP Mehmood Khan and Minister Finance, Taimur Salim Jhagra at the Pakhtunkhwa House, Islamabad Thursday.
While discussing various possibilities of investment opportunities in KP, the Chief Minister also agreed to attend the Gong Ceremony of Pakistan Stock Exchange.
In February this year, KP finance Minster was invited by the Pakistan Stock exchange for the Gong Ceremony. Taimur Jhagra had held several meetings with the business community of Karachi and was received with immense interest.
During the meeting, several discussions were held regarding the promotion of investments and raising finances for businesses through capital markets. Keeping in view the immense potential of investment the proposal was discussed for the possibility of establishing a representative office of PSX in KP to which the PSX expressed their readiness.
On this occasion, Taimur Jhagra highlighted that KP has immense raw talent and great entrepreneurship abilities which require direction. He also pointed out to the large portion of Karachi small and medium enterprises and entrepreneurs originating from KP, which already form grounds for encouraging businesses to grow in Khyber Pakhtunkhwa.
The CM Mehmood Khan welcomed the interest evinced by PSX and extended his full support for providing ease of doing business in the province to all investors. The Chairman PSX responded that SMEs board has been formulated at the PSX which offers very flexible terms for the listing of SMEs. He asked for the support of Chief Minister and finance minister, to identify high growth potential companies in KP for listing on the PSX through the SME platform.
The meeting ended with an agreement between the participants that PSX in the coming days would be facilitating investor’s engagement and holding investment conferences with a focus on KP investment opportunities.