August 28, 2023
Pakistan Stock Exchange (PSX) conducted an Industry Awareness Session with Executive Committee members of Vehari Chamber of Commerce and Industry (VCCI). A team from PSX visited Vehari Chamber of Commerce and Industry (VCCI) whereby they met with the Executive Committee and other member participants of the Chamber. The Chamber president welcomed the member participants and briefed them about the background of the meeting. He appreciated the efforts of the PSX team to arrange such a meeting. He thanked the PSX team for providing important information for SMEs to list at the stock market to raise capital to meet their capital requirements. During the discussion, the PSX Regional Head Lahore briefed the participants about the Stock Exchange role in capital formation and explained how companies, SMEs, Start-ups and greenfield projects can benefit through listing at PSX GEM Board and to raise capital for their growth. He also briefed the attendees about the prerequisites for listing at the GEM Board and Main board of PSX. He highlighted the importance of succession planning as many known names in Pakistan do not survive by the time the third generation of the business families reaches the helm of affairs of their companies, as per a study of IFC (World Bank). In the session, queries raised by the participants were duly answered. The session concluded with an exchange of thanks amongst the guests and the participants.