PSX, CSE, DSE sign MoU to strengthen regional capital market collaboration

KARACHI: In a significant step towards regional capital market integration, the Pakistan Stock Exchange (PSX), Colombo Stock Exchange (CSE) and Dhaka Stock Exchange (DSE) have signed a memorandum of understanding (MoU) to establish an exchange forum aimed at fostering market development and cooperation.

The agreement, signed in Colombo, focuses on technology development and sharing, human resource collaboration, product innovation, regulatory alignment, investor protection and knowledge exchange to enhance the overall efficiency and resilience of the region’s financial markets.

The signing ceremony was attended by senior officials, including Managing Director and CEO of PSX Farrukh H Sabzwari; CEO of CSE Rajeeva Bandaranaike; and Chairman Board of Directors of DSE Momin Ul Islam, alongside Chairman of the Securities and Exchange Commission of Pakistan (SECP) Akif Saeed and other key stakeholders.

Under the agreement, the three exchanges will collaborate in several key areas, including technology advancement through joint digital transformation efforts, human capital development via cross-exchange training programs, and the introduction of innovative financial products.

Additionally, regulatory best practices will be shared to enhance investor protection, while the feasibility of dual listings will be explored to expand investor access across the three markets.

Speaking at the ceremony, the SECP chairperson emphasised that the partnership would strengthen market resilience and unlock new investment opportunities across South Asia. Sabzwari highlighted that this collaboration represents a transformative step in elevating regional market standards and fostering sustainable growth.

The MoU establishes a formal framework for ongoing dialogue and joint initiatives, with working groups set to implement strategic cooperation. This partnership is expected to improve market liquidity, enhance regulatory frameworks, facilitate cross-border investments and drive technological innovation in market infrastructure.