Wants PSX branch established in Peshawar
PESHAWAR: Welcoming the establishment of the Pakistan Stock Exchange (PSX) by merging the three stock exchanges in Karachi, Lahore and Islamabad, Chief Minister Pervez Khattak Thursday urged the Securities and Exchange Commission of Pakistan (SECP) to set up a branch of body in Peshawar to facilitate the capital investors of the province.
Speaking as chief guest at the awareness programme regarding PSX at a hotel here, he assured the investors of foolproof security and other necessary facilities for such projects in the province.
“After spending two and a half years for introducing legislation, system reforms
and policy initiatives, the
Khyber Pakhtunkhwa government is now in a position to offer various development projects for investment, particularly in energy, minerals and communications sectors,” he added.
The chief minister said that his government was not only encouraging the private sector but it had involved this sector in the service delivery, administration and policy making of health, industries, communication and education sectors, said a handout.
Pervez Khattak told the participants that investment environment had been made quite favourable in KP by introducing the industrial and mineral policies, adding that the proposed capital investment hubs by PSX would further enhance investment opportunities in the province.
“Our government established one window service centres to facilitate industrial investors and offered sizeable subsidies on bank loans, acquisition of land, transportation of machinery and electricity bills,” the chief minister informed.
Chairman SECP Zafarul Haq Hijazi, Chairman of Arif Habib Group, Arif Habib, and Managing Director of KSE Nadeem Naqvi also spoke on the occasion. They highlighted the capital market investment mechanism and opportunities in Pakistan.
They appreciated the governance and economic growth reforms in Khyber Pakhtunkhwa. “The lucrative incentives announced by the government for industrialisation is wise and novel approach for ensuring rapid economic growth and overcoming unemployment,” remarked Arif Habib in his address.
Zafarul Haq Hijazi said that capital hubs of SECP would be established in small cities and one such hub had already been opened in Abbottabad.
Appreciating the government initiatives for economic and industrial growth, he said he would ask companies to create capital market in Khyber Pakhtunkhwa.