October 21, 2021
A high level team from Pakistan Stock Exchange (PSX) comprising of its CEO, Mr. Farrukh H. Khan, and the Regional Head, Lahore, Mr. Sarmad Hussain, visited Sialkot Chamber of Commerce & Industry (SCCI). The PSX team held a meeting with President of the Chamber, Mian Imran Akbar; Chairman Air Sial Limited, Mr. Fazal Jilani; CEO Air Sial Limited, Mr. Ameen Ahsan; other local companies’ heads and executive committee members of SCCI. The CEO of PSX, Mr. Farrukh Khan, delivered a presentation detailing the latest capital market developments with particular focus on Growth Enterprise Market (GEM) board. He stated that the companies located in Sialkot, a major industrial hub of the country, which are in a growing phase and they are looking for growth capital to expand their businesses in today’s competitive environment, then listing on PSX would be the right choice for them. The CEO PSX gave examples of renowned successful business groups of Pakistan like Packages, Nishat, Engro, Lucky, and Lakson Group who benefitted by listing at the Exchange and grew exponentially. Similiarly, he mentioned international giants like Facebook, Microsoft, Tesla, and Google etc. who went along the same path of listing and became immensely successful. He further stated that if family owned businesses really want to grow, unlock the value of their company’s shares, and want to address succession planning issues, then the corporate transaction of listing will help them substantially. On his part, the President SCCI requested CEO PSX to open a PSX representative office in Sialkot which will help local businesses and investors. He said it would also increase listing and trading volumes at PSX. Participants of the session appreciated PSX’s efforts and opined that such awareness sessions were very important, adding value to the outreach of the capital market and that they must be continued in the future as well. The meeting was concluded after a detailed Question & Answer session and discussion.