KARACHI, July 7: The Central Depository Company of Pakistan (CDC) in collaboration with the London Stock Exchange and the sponsors organised an event named ‘Pakistan Capital Markets Day’ on Saturday at the LSE. It was attended by a large number of institutional investors and fund managers, says a press release.

Welcoming the guests Director of Markets, LSE, Martin Graham said that the event was part of the international road shows undertaken by the CDC Pakistan. “We are delighted to help realise their vision to deliver greater visibility and profile for the Pakistani issues represented here in London,” he added.

Minister for Privatisation and Investment Zahid Hamid gave an overview of economic reforms and privatisation in Pakistan. He said this helped set up a positive and promising backdrop to the investment environment in Pakistan, which would give confidence to the foreign investors further encouraging them to invest in Pakistani companies.

Pakistan Capital Market Days are aimed at bringing investment to Pakistani capital markets by arranging meetings of London and New York based fund managers with Pakistani companies. The link that was established through listing of some Pakistani companies at LSE will also strengthen through this initiative.

CDC plans to hold another event of similar nature in collaboration with Citibank and some of the local brokers namely Invest-Cap Securities and AKD Securities scheduled to be held in New York on July 10, 2007. Response from New York is very encouraging and the delegation has been invited by the New York Stock Exchange, Bank of New York as well as Nasdaq.

During its stay in New York the CDC will also sign a MoU with the Depository Trust & Clearing Corporation (DTCC) of USA for exchange of information.