Govt to focus on domestic, international market transactions - Pakistan Today

Govt to focus on domestic, international market transactions

ISLAMABAD – The sub committee of the Cabinet Committee on Privatisation will be briefed on issuing equity-linked instruments in Public Sector Entities (PSEs) today. The Minister for Privatisation Syed Naveed Qamar chaired a meeting of investment banks and business groups to review the capital market transactions on Thursday, an official statement indicated.
The minister said that they were at a reasonable point to start focusing on domestic and international market transactions of oil and gas, banking and other sectors during the current fiscal year. He said the markets have come back with great interest being expressed locally and internationally by the investment groups demanded to accelerate the pace of offerings through various modes. It was for the market to give feedback by indicating the level of interest and to suggest the sequence of the offerings, he added while revisiting the Privatisation process.
The representatives of investment banks gave a detailed presentation and suggested solutions to the economic problems, stating that the emerging markets have their inherited demands while Pakistan capital markets were currently well placed and operating on 35 percent discount ratio in the region.

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