ISLAMABAD, Dec 31: Advisor to Prime Minister on Finance Dr Salman Shah has said that reforms in the Karachi Stock Exchange (KSE) are in the interest of all the stakeholders, including regulators, brokers and investors.

“The KSE is gaining significance among the emerging world markets and it is imperative to make its management highly transparent,” Dr Shah told a private television channel.

He said investors from within the country and abroad were investing their capital in the KSE and it was must to make the organization internationally credible.

Dr Shah said the reforms programme in the KSE was initiated a long time ago to the benefit of all the stakeholders. Under the programme the stock market activities were being separated from brokers’ activities to eliminate the element of conflicts in interests, he added.

He expressed the hope that the ongoing situation would be overcome by taking all the stakeholders into confidence through negotiation.—APP