London, February 20, 2015 (PPI-OT): Karachi Stock Exchange in collaboration with Pakistan High Commission and London Stock Exchange organized the 4th Pakistan Capital Markets Day 2015 sponsored with Citi Bank. The event was held at London Stock Exchange and featured participation from 14 of Pakistan’s top performing listed companies. During these two days, around 140 meetings took place between Pakistani companies and London based/international investors where 68 financial institutions were represented.
To mark the occasion, Muhammad Zubair, Minister of State for Privatisation and His Excellency Syed Ibne Abbas, High Commissioner for Pakistan to the United Kingdom took part in a Market Opening Ceremony together with Nikhil Rathi, London Stock Exchange Group’s Head of International Business Development, and Nadeem Lodhi, Citi Country Officer ” MD Citibank, Pakistan.
Speaking at the event Nikhil Rathi, Head of International Business Development, London Stock Exchange Group said:
“This event plays host to leading Pakistani companies which are helping to support and drive growth in the country’s economy. Since 2006, we have seen listings in excess of Â£10bn from Pakistan, underlining exceptional London investor interest in building exposure to the country’s fast-growing economy. Today’s event gives us the opportunity to reflect on the strong partnership between our two markets and to explore how we can further strengthen our collaboration.”
Muhammad Zubair, Minister of State for Privatisation said:
“Pakistan Capital Markets Day 2015 at London Stock Exchange is an important event where we can apprise potential investors of the business and investment potential of Pakistan. The Pakistani capital market is among the most productive and profitable in the world having ranked among the top 10 stock markets in the world for the last three years.
“KSE 100 Index companies have shown nearly 20% p.a. growth in profits successively in the last 5 years and return on equity of about 20% during this period. This makes the listed corporate sector in Pakistan amongst the top performing in Asia. Also, this is a sure manifestation of investors’ confidence in our government’s economic reform agenda. I invite investors to avail themselves of the investment opportunities on offer in Pakistan.”
H.E. Syed Ibne Abbas, High Commissioner said:
“It is an honour to hold Pakistan Capital Markets Day at the London Stock Exchange and I am sure it will strengthen our trading relations with the LSE. The Pakistani capital market is among the most productive and profitable in the world, as described by several credible publications. Pakistan is ready to welcome investment and business, and now it is up to the investors to benefit from the opportunities on offer.”
Nadeem Lodhi, City Country Officer and MD Citibank N.A., Pakistan said:
“Supporting initiatives such as the Pakistan Capital Markets Day at London Stock Exchange are part of our ongoing efforts to drive the country’s growth. Our role, as a market leader in the country is to work with companies that have appetite for growth and provide them with a platform to showcase their potential to a focused audience of global investors. This event offers us an opportunity to reflect on the potential of the country.”
To apprise the potential investors of the business and investment potential of Pakistan, presentations were made by Sakib Shirani, Economist; Roger Barb, MD Citi (London); Nadeem Naqvi, MD KSE and Arif Habib, Industrialist and Entrepreneur. A panel discussion on Capital Market Performance ” Institutional Framework was moderated by Nadeem Naqvi, MD KSE.
Currently, five Pakistani companies are listed in London Stock Exchange across the Main Market and AIM, with a combined market capitalisation of Â£10.5bn. In addition to equity fundraising, London Stock Exchange is also one of the world’s leading sukuk venues, bringing together international Islamic finance issuers and investors.
Pakistani companies attending the event included: OGDC, UBL, FFC, Bestway, BAFL, ABL, KEL, HUBCO, Saif Power, PIBT, KMLG, NBP, and Fatima.
For more information, contact:
Head of Chancery
High Commission for Pakistan in United Kingdom
34 – 36 Lowndes Square
Mr. Shahid Nawaz
Tel: 020 7664 9271
Fax: 020 7664 9255