Pakistan Stock Exchange makes historic record

Pakistan Stock Exchange makes historic record

Pakistan Stock Exchange and Shanghai Consortium of China today signed a 40 percent share purchase agreement in Karachi today.

Chinese consortium to invest $85 million in PSX

Addressing the signing ceremony, Finance Minister Ishaq Dar said it is a historic occasion as the Chinese Consortium will bring their expertise to Pakistan Stock Exchange.

He said Pakistan Stock Exchange has acquired the status of one of the fastest growing stock exchanges in the region. The international organizations have acknowledged the economic progress in Pakistan.

Ishaq Dar said Pakistan Stock Exchange has already crossed 50,000 points for the first time in the country's history, which is a historic achievement.

He said the current foreign exchange reserves of the country are equivalent to five-month imports bill.

Chinese consortium wins bid for 40% stake in PSX

Ishaq Dar invited the opposition parties to join hands with the government for strengthening national economy.

Speaking on the occasion, Chinese Ambassador Sun Weidong congratulated Pakistani investors on the agreement and hoped this usher in a new era of stock exchange business in Pakistan.