Pakistan’s capital market delegation visits China, signs MoUs

A high-level Pakistani capital market delegation, led by SECP Chairman Akif Saeed and PSX Chairperson Dr. Shamshad Akhtar, visited China to strengthen ties with leading Chinese financial institutions. During the visit, PSX CEO Farrukh H. Sabzwari signed MoUs with the Shanghai and Shenzhen Stock Exchanges and the China Financial Futures Exchange, marking a significant milestone in fostering bilateral collaboration. The agreements aim to enhance capacity building, promote joint financial products like ETFs, and deepen market integration, building on the foundation laid in 2016 with the divestment of 40% PSX shares to a Chinese consortium. These initiatives are set to bolster Pakistan’s capital market and economic growth.