September 10, 2020: Pakistan Stock Exchange (PSX) welcomed the visit of President of Pakistan, Dr. Arif Alvi, to the Stock Exchange. This was his very first visit to the Exchange since taking office as President of the country.
Accompanying the President were the Governor of Sindh, Mr. Imran Ismail; Leader of the Opposition, Sindh Assembly, Mr. Firdous Shamim Naqvi; Advisor, Ministry of Maritime Affairs, Mr. Mahmood Moulvi; MPAs of Sindh, Mr. Khurram Sher Zaman & Mr. Haleem Adil Sheikh and other distinguished guests.
Upon his arrival, the President was warmly welcomed by the Chairman of the Board, PSX, Mr. Sulaiman S. Mehdi; Board Members of PSX; CEO of PSX, Mr. Farrukh H Khan; Member Policy Board of Securities & Exchange Commission of Pakistan (SECP) & Managing Director of National Investment Trust (NIT), Mr. Adnan Afridi and others.
The guests were led to the Board Room for a meeting where matters of mutual interest were discussed. Primarily, matters related to the economy and the capital market were discussed. The President was informed about the functions and processes in place at the Exchange with regards to its operational, regulatory, trading, and IT infrastructure. The guests were also given a historical perspective of the Exchange with regard to its evolution and progression over the years.
On the occasion, the President said it was his desire since long to visit the PSX, which had materialized today. He said that it was very encouraging to listen that the Stock Exchange had now matured and consolidated. He emphasised on the importance of projecting Pakistan Stock Exchange to the world and said, “This is my message, tell the world about our Stock Exchange. Small investors should also be encouraged to invest here and reap the benefit of such investment by building their investment portfolios”.
Acknowledging the outstanding performance of PSX and progress of Pakistan’s economy, he remarked, “There are different analyses in the market. But the fact remains, Pakistan's capital market is the best and Pakistan's economy is the best”.
Welcoming the guests, the CEO of PSX, Mr. Farrukh Khan said, “We welcome and honour with great pride the visit of His Excellency Dr. Arif Alvi, President of Pakistan, to Pakistan Stock Exchange. PSX has stood the test of time, the onslaught of the pandemic, the thwarted terror attack, and the vagaries of the weather and has come out strong with improved performance and record-breaking volumes. What better way to celebrate such achievements than having the President of Pakistan with us at this proud moment”. He further stated, “The positive direction of the economy is a testament to the effective and able stewardship of the Government of Pakistan which is reflected by the improved market performance”.
Thereafter, the guests were led to the Trading Hall for a tour. Concludingly, the Chairman PSX, Mr. Sulaiman Mehdi, the Board Members of PSX, CEO PSX, Mr. Farrukh Khan and others thanked the President and the Honourable guests for their visit. On his part, Arif Alvi promised his continuous support and commitment towards the growth and advancement of the capital market and the economy of the country.