FM terms SLM listing a strong vote of confidence in economy

June 15, 2026 (MLN): Service Long March Tyres Limited (SLM) on Monday joined the Pakistan Stock Exchange through a formal listing ceremony, which marks another addition to the bourse's growing roster of newly listed companies this fiscal year.

The "Gong Ceremony" for SLM's listing was virtually addressed by Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, who used the occasion to comment on the recently announced U.S.-Iran peace agreement, calling it a proud moment for Pakistan and a positive development for the global economy.

The Finance Minister said Pakistan's leadership continued to be acknowledged by both the U.S. administration and Iranian leadership for the trust placed in them, according to a post by Ministry of Finance on it’s X account.

On capital markets, Senator Aurangzeb congratulated the PSX management and board on their performance and noted rising participation from investors, particularly young entrants to the market.

He said SLM's listing represented another milestone, pointing out that the current fiscal year had seen 11 IPOs, the highest in nearly two decades.

He described it as a strong vote of confidence reflecting growing trust in Pakistan's economic direction.

On SLM specifically, the Minister recalled his association with the project since its early stages, calling it a successful example of industrial cooperation and export-oriented investment.

He praised its execution during the peak of the COVID period and acknowledged the role of Chinese expertise and continued investor confidence in Pakistan.

He credited Prime Minister Muhammad Shehbaz Sharif and Field Marshal Syed Asim Munir for their persistent mediation efforts, which he said had helped bring the agreement to its conclusion.

Senator Aurangzeb said Pakistan's role in facilitating dialogue and supporting de-escalation had strengthened the country's standing as a constructive partner in regional peace and stability, reflecting its broader commitment to diplomacy and peaceful dispute resolution.

Referring to the Prime Minister's announcement that a Memorandum of Understanding would be signed later this week, the Minister said the development held encouraging implications for Pakistan's economy and regional stability.

He said Pakistan had managed the first-order economic impact of the conflict over the past three months and expressed confidence the agreement would ease concerns over anticipated secondary and tertiary effects.

While disruptions to energy infrastructure would take time to normalize, he said the announcement created a more positive outlook for economic activity and upside potential for the next fiscal year.

He concluded by reaffirming Pakistan's commitment to creating an enabling investment environment, strengthening capital markets, and expanding international economic partnerships for sustainable growth.

Copyright Mettis Link News