Karachi, August 08, 2016 (PPI-OT):Pakistan Stock Exchange (PSX) has announced to facilitate the small and medium enterprises (SMEs) by providing them investment opportunities in a stock market. For this purpose PSX has decided to form a SME Board to provide SME a platform for their business activities.
“PSX intends to launch the SME Board soon which would provide a platform for the SMEs whereby they would be able to access potential investors for raising capital at a lower cost. A public company with post issue paid-up capital of not less than Rs25 million and not more than Rs200 million shall be eligible for listing on the SME Board”, said the Chairman of SME Foundation, Waliullah Khan following a meeting with the PSX officials at his office.
In the meeting, SME Foundation’s chief has expressed his desire to get SME Business Solution Ltd as a first company to be listed on the SME Board. Moreover, they also expressed their desire to apply for a licence as an ‘Adviser and Consultants to the Issue’. Pakistan Stock Exchange expressed its desire to draw upon the vast untapped potential of the SME segment of Pakistan which would boost the country’s economic growth and improve its macroeconomic fundamentals.
For more information, contact:
Nadeem Kassim Khanani,
Pakistan Stock Exchange Limited (PSX)
Tel: +92-21-32428954, 35274576