Pak­istan In­vest­ment Con­fer­ence at­tracts huge in­ter­est

Pakistan Observer - - ECONOMY WAYCH -

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.

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