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Securities and Exchange Commission of Pakistan and Federation of Pakistan Chambers of Commerce and Industry can jointly play active role in economic prosperity of country: Abdul Rahim Janoo

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by September 4, 2015 General

Karachi, September 04, 2015 (PPI-OT): The SECP and FPCCI can jointly contribute in the economic growth of the country to educate the business community through seminars and other ways. This was stated by Abdul Rahim Janoo, Acting President of FPCCI in a meeting with Mr. Zafar Hijazi Chairman Securities and Exchange Commission of Pakistan at Federation House.

The meeting was attended Ikram Rajput Vice President FPCCI and Incharge Sindh Region, Mehar Alam Khan, Acting Secretary General, DG R and D Ayub Mehar, Zubair Tufail, Akif Saeed Commissioner SMD-SECP, Musarat Jabeen Ex-Director (SMD Department Policy, regulations and Development Department) and various members of Business community and other representatives of trade bodies.

The Chairman SECP appreciated the role of FPCCI in the economic growth and assured his full support to resolve the genuine issues of the Business Community. He advised SECP representatives to jointly organised seminars with FPCCI across the country to educate the Business Community to improve the basic structure for viable economy. He discussed the role and the responsibilities of SECP and shared the benefits of merging Karachi, Lahore and Islamabad exchanges in one Pakistan Stock Exchange.

Mr. Rahim Janoo, the acting President appreciated the endeavours being made by Chairman SECP and his team to uplift the economy of Pakistan especially to merge Islamabad, Lahore and Karachi stock exchanges in a Single Pakistan Stock Exchange and assured you our full support and cooperation for economic prosperity of the country.

In response of the Question Answer session the Chairman SECP informed that government is working on the alternate arrangements to fill the investments and savings gaps by establishing investments funds. He indicate that SECP actively working on the development of the bond market in Pakistan. FPCCI has assured that its facilities will remain available to prepare the recommendations for the development of the strong and efficient bond market in Pakistan. The Chairman SECP emphasized that his institution will always protect the small investors.

For more information, contact:
M. A. Lodhi
Secretary General
Federation of Pakistan Chambers of Commerce and Industry (FPCCI)
B-1, Federation House, Main Clifton Road,
Karachi-75600, Pakistan
Tel: +92-21-35873691, 93-94
Fax: +92-21-35874332


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