KARACHI, April 19: A 20-member Singapore ministerial trade and investment mission visited the Karachi Stock Exchange on Monday. The delegation, led by Minister of State for Health and Transport Dr Balaji Sadasivan, represented real estate
, infrastructure, engineering services, health care, trading, IT, infocom technology and textile garments sectors.
A press release issued by the KSE stated that KSE chairman Arif Habib along with other officials welcomed the delegates. Mr Habib gave a detailed presentation on the overall performance of the KSE. He explained to the delegation the current economic scenario of the country, reforms implemented by the present government to boost investment activities.
"The chairman apprised the delegation about the reasons for strong performance of the KSE during the last two years and its achievement of the status of best performing market of the world," the KSE notice said and added that the delegation was also briefed about the infrastructural reforms carried out by the KSE in various areas of its operations making it a most active market of the region of international standards.
Later in a question-answer session, Arif Habib discussed various issues relating to listing of companies, performance of the KSE, incentives available to foreign investors and privatization programme.
The KSE stated that responding to the welcome address, Dr Balaji Sadasivan expressed his thanks to the chairman for organizing the presentation. "In view of stable currency, low interest rates and economic stability, the equity market has become very attractive," Dr Balaji concluded.
