Lahore, March 03, 2015 (PPI-OT): On behalf of the Chief Minister of Punjab, the Provincial Minister for Industries – Ch. Muhammad Shafique has inaugurated the construction of Phase-II of South Tower Project of LSE. Speaking on the occasion, Ch. Muhammad Shafique applauded the efforts of LSE in achieving another milestone by providing necessary infrastructure which was essential for a prime financial hub.
He assured the governing Board of Directors of LSE that the Government of Punjab shall provide full support for the early completion of the Project. He informed that with the active participation of foreign investors several important themes are being targeted by the government in the development plan and the sustainable growth in the capital market is one of the prime objectives of the government.
Earlier, Mr. Asif Baig Mirza, Director LSE, in his welcome speech apprised the Minister about the unique role of LSE in the development of the capital market and other strategic initiatives which the Exchange has taken to boost the business opportunities in the region. The goal of development of the securities market will facilitate the efficient allocation of resources in the economy and help broaden and deepen the financial sector, while providing alternative sources of funding to industry.
It may be mentioned that LSE has the vision to provide best possible modern trading platform as well as infrastructure to its investors. The South Tower consist of four basements exclusively for parking of 132 cars and 240 motorcycles, Ground and mezzanine floors for commercial banks and capital market entities and four typical floors with 64 rooms for the TREC holders i.e. Brokers and listed companies. The Phase-I of the Project comprising of four car parking basements has already been completed while the Phase-II of the project is planned to be completed by end of August this year.
For more information, contact:
Barkat Ali Anjum
Deputy Manager-Media and Public Relations Department
Lahore Stock Exchange (LSE)
Lahore Stock Exchange Building,
19, Khayaban-e-Aiwan-e-Iqbal, P. O. Box: 1315,
Lahore – 54000, Pakistan