Pakistan Investment Conference attracts huge interest
OBSERVER REPORT LONDON—JS Global Capital Limited Pakistan’s Premier and one of the Largest Brokerage & Investment Banking Firms has successfully concluded the Pakistan Investment Conference (PIC) 2016 in London. The Privatisation Commission, Ministry of Finance (MoF), Government of Pakistan and the Pakistan Stock Exchange (PSX) were present and significantly supported this grand event, where both put up a largerthan-life effort to backup this rare initiative taken by JS Global Capital for the potential up-grade of the Country back into the Emerging Markets category, which is due this June.
The focus of the PIC 2016 revolved around fetching support for Pakistan to help it regain the MSCI Emerging Market Status, while also discussing the CPEC to attract both the FDI and FPI, given the turn- around in the country’s macros. The opening session commenced with a welcome note by Ahmed Badr -CEO & Head MENA Equities Renaissance Capital, Dubai office, who appreciated JS Global and its CEO Kamran Nasir for their efforts and welcomed all the dignitaries and participating companies from Pakistan. This was followed by the Managing Director, Pakistan Stock Exchange, Mr. Nadeem Naqvi’s detailed presentation on the significantly improving Pakistan’s investment story, including the recent turnaround observed in country’s macros, sectoral expansions for ensuing growth as well as series of key institutional and structural reforms which have been undertaken by the PSX/SECP over the last few years for the overall betterment of the Pakistan Capital Markets, for foreign and local investors alike.
Keynote Speaker, Muhammad Zubair, Minister of State and Chairman, Privatisation Commission, drew investors’ attention towards the emerging Pakistan story and gave an insightful background to the developments taking place in CPEC. He also thoroughly highlighted the host of recent structural reforms which the Government of Pakistan has made including the significant progress made in the security and law & order situation of the country, supporting the investment climate and the overall economic activity. Zubair also highlighted the improved energy supplies for both industries and the households, and overall policy consistency given the political stability post first democratic political transition in country’s history.
Both the Minister of State and the MD PSX passionately asked for the investors’ vote for Pakistan to help it graduate into the MSCI Emerging Market category this June, as Pakistan comfortably meets both the quantitative and qualitative criteria for the higher class for some years now. Speaking to the media, Chairman Privatisation Commission, Mr. Muhammad Zubair, MD PSX, Mr. Nadeem Naqvi, and CEO JS Global, Kamran Nasir expressed that they were very hopeful on Pakistan being classified back into the MSCI EM category. Nasir also appreciated the efforts of the Securities and Exchange Commission of Pakistan (SECP) in supporting such initiatives and for being the key driver of bringing positive change and vibrancy into the Pakistan Capital Markets.
The successful conclusion of this unprecedented event has once again added to the list of “Many Firsts” to JS Global’s credit and its pioneering role in the Capital Markets of Pakistan for over 40 years. The Conference was hosted in London by JS Global’s partner Renaissance Capital a leading emerging and frontier markets investment bank.