Pakistan Stock Exchange to introduce E-IPO system
Project will digitally transform IPO process at bours
Pakistan Stock Exchange. PHOTO: REUTERS
KARACHI:
The deployment of a new E-IPO system at the Pakistan Stock Exchange (PSX) will open new vistas and expand horizons for the investors desiring to invest in new share listings through the convenience of a few clicks, said PSX MD and CEO Farrukh Khan.
According to a statement issued on Tuesday, the PSX and the National Institutional Facilitation Technologies (NIFT) signed an agreement to collaborate in the development of a new payment and registration system for the bourse.
Speaking at the signing ceremony, Khan said that the system would steer digitalisation for investors at the front end and would also enhance the outreach for the PSX, issuers and investors in terms of the initial public offering (IPO) process as a whole.