CPEC Bond to be launched by PSX

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CPEC Bond to be launched by PSX

KARACHI: Pakistan Stock Exchange is all set to make another record.

Pakistan Stock Exchange (PSX) became a regional capital market on Friday after a Chinese consortium signed a share purchase agreement to acquire 40% stake in the bourse, officials said.

PSX Chairman Munir Kamal hinted at the launch of CPEC (China-Pakistan Economic Corridor) infrastructure bonds for trading in future after the Chinese, who were investing $54 billion in the corridor projects, took over management control of the market.

PSX Divestment Committee Chairman Shahzad Chamdia said the agreement meant that the PSX would get listed on its own trading platform by June 2017.

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