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May 03, 2023
Pakistan Stock Exchange (PSX) team visited Bahawalpur Chamber of Commerce and Industry (BCCI) along with Mr. Waseem Ahmad , representative of Arif Habib Limited, Consultant and Advisor. The PSX team 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 seminar. He appreciated PSX team for arranging such kind of seminars. The president was thankful to PSX team by providing important information regarding listing and said that the door is open for SMEs to list at PSX to fulfil their capital requirements. During the discussion, PSX Regional Head, Lahore, briefed 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 meeting participants about the prerequisites for listing of companies on GEM Board and Main Board. He highlighted the importance of succession planning in companies as many known names in business community in Pakistan do not survive by the time the 3rd generation of the business families reaches the helm of affairs of their companies, as per study of IFC (World Bank). Mr. Waseem explained the role of Consultant & Advisor to the Issue for listing of companies at PSX. It was an interactive session with queries raised by the participants which were duly answered. It was a productive and fruitful session which concluded with exchange of thanks.
