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Mian Adrees encourages Karachi Stock Exchange’s role in growth of Islamic Economic Structure of Pakistan

Karachi, December 03, 2015 (PPI-OT): Federation of Pakistan Chambers of Commerce and Industry – FPCCI invited the Managing Director, Karachi Stock Exchange – KSE, Mr. Nadeem Naqvi on the launching ceremony of Karachi Stock Exchange – KSE ticker on FPCCI Website and Installation of KSE Trade Screen on LED at FPCCI Head Office. President FPCCI, Mian Muhammad Adrees enhance the liaisons with KSE by availability of second to second stock exchange reporting for the members of FPCCI.

On the occasion Mian Muhammad Adrees has briefed about the role of FPCCI as an apex trade body and its liaison with the leading stock exchange of the country for the purpose of productive exchange of updated data and benefits among the trade representatives and businessmen in the country. Mr. Nadeem Naqvi has endorsed the initiative of FPCCI and assured the members about strong coordination between FPCCI and KSE. He shared that KSE is included in the Top 10 Stock Enlistment of the world in 2015 and now Pakistan is moving towards the revival of economy in the global trade scenario.

President briefed that Investors are having trust on the proceedings of KSE and with the passage of time, KSE is proved as a beneficial body in terms of technical advancement and support services in terms of as a facilitator to business community. He added that on the basis of performance, KSE soon will be a Pakistan Stock Exchange and their journey towards success is goes on.

KSE reflects the industrial growth, corporate governance and economic moves of the country and being helpful for the investors, stated by President, FPCCI. Mian Adrees briefed that KSE has introduced the Islamic instrument and now proceed towards the joint ventures for having successful implementation. He encouraged KSE’s role in the growth of Islamic Economic Structure of Pakistan.

Mr. Nadeem Naqvi briefed that KSE is always ahead towards the development of close liaison between business community and stock market. He showed his concern about the low growth of Pakistani export but he hoped that investments are increases especially by local groups. He briefed the house that shares are act as a currency especially in the terms of investments. He added that Pakistani traditional industry is facing several challenges but with opportunities as well especially for the sectors like alternate energy.

He further briefed that soon KSE will launch a SME Stock Exchange in Pakistan for enhancing the stock industry of the country. He is having very good hope for Pakistan Stock Exchange especially in liaisons with FPCCI and in coming days, KSE will have awareness seminars at all the regional and head offices of FPCCI.

He informed that share values of SME Companies are raised from 30% to 200% at KSE, which is perceived as a favourable scenario for the development of SME sector in the country. Occasion was attended by Shahnawaz Ishtiaq, VP, FPCCI; Maher Alam Khan, Acting Secretary General and President, Women Chamber of Commerce and Industry (Karachi South).

For more information, contact:
M. A. Lodhi
Secretary General
Federation of Pakistan Chambers of Commerce and Industry (FPCCI)
B-1, Federation House, Main Clifton Road,
Shahra-e-Firdousi,
Karachi-75600, Pakistan
Tel: +92-21-35873691, 93-94
Fax: +92-21-35874332
Email: info@fpcci.com.pk
URL: www.fpcci.com.pk

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