PSX, PITB to sign MoU for promoting technological entrepreneurship

PSX, PITB to sign MoU for promoting technological entrepreneurship
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KARACHI (APP) : Pakistan Stock Exchange Limited (PSX) and Punjab Information Technology Board (PITB) will sign a memorandum of understanding at PSX here on Monday.

The MoU will be for the mutual cooperation and collaboration between the two institutions to facilitate technological entrepreneurship in Pakistan and to provide a nurturing ecosystem for the growth of technology start-ups, said PSX press release here on Friday.

Chairman PITB , Dr. Umer Saif and Managing Director of PSX , Nadeem Naqvi will be the signatories.

The PSX private market would be a web based platform designed to bring together start-ups and investors. Private market would be the third tier capital raising platform offered by PSX , the second tier was the PSX SME Board and the first tier being the PSX Main Board, it said.

The objective of the private market would be to enhance access to finance for start-ups by providing them an online platform where they could sign up and register themselves.

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