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PSX Signs Agreement with Karandaaz at a Gong Ceremony

January 18, 2023

PSX Signs Agreement with Karandaaz at a Gong Ceremony

In a landmark development for the capital market, Pakistan Stock Exchange (PSX) signed an Agreement with Karandaaz whereby Technical Assistance (TA) grants would be given to prospective companies to be listed on the GEM Board. The Agreement was signed by Mr. Farrukh H Khan, MD & CEO PSX, and Mr. Waqas ul Hasan, CEO Karandaaz Pakistan (KRN), at a gong ceremony held at the Exchange.

In an effort to promote the GEM Board to eligible SMEs, PSX approached KRN to facilitate small businesses in raising much needed capital for the growth of their business. With the signing of this Agreement, PSX and KRN have joined hands to aid the eligible small to medium growth enterprises in their quest to list on the GEM Board by making grants available to them.