KARACHI, July 16: Prime Minister’s Adviser on Finance Dr Salman Shah and Minister of State for Finance Omar Ayub Khan, who held a brainstorming session at the State Bank to sort out the issues in margin financing, also paid a visit to the Karachi Stock Exchange on Saturday.
Speaking to the KSE members, Dr Shah said that in the stock market there should be “effective risk mitigation systems” which should inspire confidence of both local and foreign investors. He said that there was also a need to reduce the transaction cost.
According to a KSE press release, the adviser also emphasized the need for further growth in the market by increasing its size, listing of new companies and expansion in the retail investors’ base.
“For this purpose we have to enforce strict discipline and self-regulation,” he said.
Omar Ayub Khan briefed the KSE members about the present economic policies, adding that the present environment was conducive to investment.
Referring to the existing liquidity problem at the stock exchange, he said that the basic objective should be to increase the depth of the market.
He said that it was the responsibility of the KSE to reach out to all the stakeholders and attract more and more listings.
KSE Managing Director Moin M. Fudda presented a vote of thanks.
