KARACHI: Economic measures taken by the government have significantly revived investor confidence at the Pakistan Stock Exchange (PSX), said chairman Suleman Mehdi on Tuesday.

Speaking at Pakistan Operational Excellence Sum­mit 2018, he said that the government has addressed the concerns of equity investors to quell uncertainty in the stock market.

The government’s anno­uncement to approach Inte­rnational Monetary Fund (IMF) and other friendly countries for loans and assistance has revitalised business activities in the country by providing much needed certainty.

Commenting on the summit’s agenda, he said that operational excellence is an indispensable element in any business to boost company’s bottom-line profits. Hence, he said that local corporations should consider operations as the backbone of the company’s productivity.

He added that the top companies of world with growing market capitalisation ach­ieved operational excellence which provides them with an edge over traditional corporations with global operations.

“It was a great platform to share best practices and take some inspiration from different industries operating on similar principles and to network with your operational excellence and business transformation peers,” he said.

Published in Dawn, October 24th, 2018

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