Ease of listing, doing business urged

KARACHI: The regulations and policy formulations should be conducive to increasing business activity and help increase the number of listings and be formed in such a way that companies listed or those to be listed do not feel encumbered, an industry official said on Wednesday.

“The government’s role is to form proper regulations and policies, while business community’s is to implement these regulations and policies,” Hussain Dawood, chairman Dawood Hercules Corporation (DH) & Engro Corporation, said in a meeting with the Pakistan Stock Exchange (PSX) management after leading the gong ceremony.

Dawood said the government and the business community should work hand-in-hand to help the cause of economic growth and prosperity in the country.

The PSX, a statement said, had embarked on an initiative to recognise the efforts and contributions of leading business figures of the country, who had played an important role in developing the capital market, business activities, and economy of the country.

Dawood is the first invitee to have been bestowed this honour by PSX, it added.