Business

ISLAMABAD (Web Desk) – Federal Finance Minister Ishaq Dar on Monday inaugurated Pakistan Stock Exchange (PSX) after the integration of all three bourses of the country – Karachi, Lahore, and Islamabad – into a single national stock exchange.

The index of the Pakistan Stock Exchange is ‘PSX’.

The integration of three exchanges has completed the second phase of the Stock Exchanges Demutualisation and Integration Act 2012, passed by a joint session of parliament. The integration of three exchanges will pave the way for more foreign investors’ interest.

Addressing the launching ceremony, Ishaq Dar said a number of countries have shown interest for investment in Pakistan in different fields.

He said after the economic reforms and improvement of economy, Pakistan has become an attractive destination for investment. He referred to forty-six billion dollars package under China Pakistan Economic Corridor.  He said Saudi Arabia is also planning to invest in petro-chemical, energy and refinery, sectors of Pakistan.

Ishaq Dar said predictions of default has been buried and now Pakistan’s economy has been recognized by twenty-two international institutions as stable economy.