Canadian High Commission official briefed on Economy and Investment Opportunities in Pakistan

Lahore, June 11, 2012 (PPI-OT): Mr. John Gosal, Head of Economic Section at the Canadian High Commission visited the Lahore Stock Exchange and met with the management and members of the Exchange and discussed various matter of mutual interest.

During the discussions, Mr. Aftab Ahmed Chaudhry, MD LSE highlighted various initiatives to be taken by the Exchange in future to promote business opportunities and investments in various sectors of Pakistan.

He informed the visiting dignitary that there are many opportunities even at small and medium scale still waiting to be tapped by entrepreneurs and companies and the Exchange is fully equipped to facilitate these investments.

This would also offer a broader array of investment opportunities to foreign and local investors. He impressed upon the visitor to play proactive role in apprising the foreign investors about the conduciveness of making investment in Pakistan in the prevailing business environment.

He further apprised him about the steps taken by the Exchange in recent times to enhance the confidence and trust of the investors in the functioning of the Exchange as a frontline regulator. Especially, the Exchange is committed to provide transparent and fair dispute resolution mechanism for adjudicating the disputes arising between the member/broker of the Exchange and investors.

Mr. Salman Ali Bokhari, Head of Corporate Finance, presented an overview of contours of the Pakistan’s economy and its growth performance in the past. He briefed the visitors on the current economic situation of the country and the fundamental structural issues impeding its growth.

He also presented an analysis of the recent performance of the stock market and highlighted competitive advantages of the local markets such as diversification, lower valuation and higher dividend yields in addition to a conducive investing environment for foreigners.

He commented that if these benefits are appropriately highlighted, Pakistan can become one of the most favoured investing destinations amongst emerging markets for foreign investors.

Mr. Gosal lauded the efforts of LSE for playing pivotal role in the development of the capital market and expressed admiration for impressive performance of the markets. He stressed on the need to reach out to the foreign investors in Canada and elsewhere and spread awareness about the potential of Pakistan’s markets to attract foreign investors.

For more information, contact:
Lahore Stock Exchange (LSE)
19, Khayaban-e-Aiwan-e-Iqbal,
P.O. Box: 1315,
Lahore-54000, Pakistan
Tel: +9242 636 8000
FAX: +9242 636 484 -85
E-mail Address: info@LahoreStock.com
Web Site: http://www.lse.com.pk

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