ISLAMABAD: A new integrated national bourse, Pakistan Stock Exchange (PSE), will soon replace the stock markets of Karachi, Lahore and Islamabad, a joint meeting of their demutualisation committees decided on Tuesday.
In this regard, a formal memorandum would be signed on August 27, in the presence of Federal Minister for Finance and Economic Affairs Senator Ishaq Dar, a statement of the Securities and Exchange Commission of Pakistan issued here said.
According to the statement, it was agreed that for sustainable development of “our capital market and in the national interest, the three stock exchanges will enter into a memorandum of understanding that will subsequently be approved by their respective boards of directors and general body”.
Representatives of the Karachi Stock Exchange (KSE), Lahore Stock Exchange (LSE) and Islamabad Stock Exchange (ISE) will sign a memorandum of understanding (MoU) on Thursday, which will lead to the integration of the three stock exchanges into the Pakistan Stock Exchange (PSE).
