Ambassador of Netherlands visits Lahore Stock Exchange
Lahore, August 30, 2013 (PPI-OT): The Ambassador of Netherlands to Pakistan, Mr. Marcel de Vink visited the Lahore Stock Exchange and met with the management and brokers of the Exchange and discussed various matter of mutual interest.
Mr. Aftab Ahmad Chaudhary along with his staff shared the structure and performance of the Capital Market of Pakistan. Mr. Aftab 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 not only in term of large infrastructural level but also 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 favored investing destinations amongst emerging markets for foreign investors.
The Ambassador expressed excitement at historic outstanding performance of Pakistan’s equity markets especially in the recent past. He said that the Netherlands is aware of the economic opportunities and possibilities being offered by Pakistan and is in fact very interested that the economic relationship between the two countries changed “from aid to trade” and promised his sincere efforts for showcasing Pakistan as a viable investment opportunity to his government and citizens.
Netherlands is one of the biggest economic powers in the world and is host of the world’s oldest stock exchange, the Amsterdam Stock Exchange. Services sector dominates Netherlands’ economy representing more than 70% of the total size. Industrial activity, including mining, generates about 20% of the national product and is dominated by the metalworking, oil refining, chemical, and food-processing industries.
For more information, contact:
Lahore Stock Exchange (LSE)
P.O. Box: 1315,
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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