The Pakistan Stock Exchange (PSX) is set to establish a new regional office (branch) in Khyber Pakhtunkhwa. This was revealed by Chairman Pakistan Stock Exchange, Sulaiman Mehdi, in an interview with a local media outlet.
While discussing various possibilities of investment opportunities in Khyber Pakhtunkhwa (KP), Sulaiman Mehdi told the media that he is expecting a surge in investments through the addition of this new region.
The Chairman said that there was no presence of PSX in the entire region, so they have decided to open a regional office there. He highlighted that there is a huge presence of a cash economy in KPK, where he sees huge potential in the region.
While answering a question, he revealed that a representative office of PSX will be opened in a time period of two months or so.
Furthermore, he said that the PSX wants to introduce the Exchange Traded Fund in the next 90 days. According to him, with the introduction of the Exchange Traded Fund, the investors will be able to invest more safely.
The Securities and Exchange Policy (SECP) Board has approved necessary regulatory changes required in the Pakistan Stock Exchange rule book to facilitate the operations of the Exchange-Traded Fund (ETF) product in Pakistan.
The proposed capital market hubs by PSX would further enhance investment opportunities in the province. Moreover, Mehdi emphasized that the economy is heading towards the right direction and in the coming days it will get better.