December 12, 2007	Wednesday	Zilhaj 1, 1428

KARACHI, Dec 11: Masoud Mohammad Zamani, Consul-General of Iran here on Tuesday called for steps to strengthen cooperation and working relationship between the securities market of Pakistan and Iran.

The consul-general in his visit to Karachi Stock Exchange hoped that Tehran Stock Exchange would get all possible cooperation from KSE in its efforts to develop infrastructure and regulatory framework.

Zamani, accompanied by Ahmad Fasihi, Commercial Attache of the Islamic Republic of Iran’s Consulate General in Karachi, also endorsed the proposal of KSE chairman Shaukat Tarin to streamline inter- exchange visits.

He also appreciated the progress made by the KSE during past few years.

The KSE chairman in his welcome address suggested further strengthening of business relationships between the stock exchanges of the two countries.

“The KSE will invite a delegation from Tehran Stock Exchange once the process of demutualisation is completed,” he said.

Shaukat Tarin said such inter-exchange visits would help exchange information, expertise and regulatory framework between exchanges.

He said the KSE being a leading securities market in the region would be pleased to assist the Tehran Stock Exchange in developing its infrastructure.

Mohammad Yaqoob Memon, Deputy Managing Director of KSE, briefed the guests about the progress and development of KSE since its inception.

He attributed the progress to automation of KSE operations and a number of reforms introduced during past few years which included improvements in infrastructure, risk management and regulatory framework.

Memon also referred to KSE’s affiliations with various international securities markets forums. —APP