Expert committee formed to finalize modalities for GDS trading on PSX
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Committee Formed to Finalize Modalities on Trading of Govt Securities on PSX
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Daily Times
May 26, 2021
National Bank of Pakistan (NBP) and Pakistan Stock Exchange (PSX) signed an agreement to onboard NBP as a ‘Market Maker’ for government securities listed on PSX.
During a ceremony held at PSX trading hall, the PSX welcomed NBP senior management team and started proceedings by striking the Gong to mark the beginning of the trading day on the Exchange. Present at the ceremony were Mr. Arif Usmani, President NBP, Mr. Farrukh H. Khan, MD & CEO PSX, Mr. Muhammad Ismail Usuf, Group Chief NBP Treasury & Capital Markets, and Senior Management of both the organizations.
Welcoming National Bank as Market Maker on PSX, Farrukh Khan, the MD PSX, said, “We welcome National Bank of Pakistan as Market Maker for debt securities on PSX. The development and growth of debt capital market is an important strategic objective of Pakistan Stock Exchange. It is also a key aspect of the Capital Market Development Plan as a large and liquid debt capital market is critical fo
In April, the exports of ICT grew by 66pc to $196m as compared to $118m in April 2020. AP/File
ISLAMABAD/KARACHI: Pakistan’s export of Information Communication Technology (ICT) grew by 46 per cent during the first 10 months of 2020-21.
An official announcement said the value of ICT reached $1.70 billion as compared to $1.17bn in 10MFY20.
In April, the exports of ICT grew by 66pc to $196m as compared to $118m in April 2020.
ICT exports now look set to breach the $2bn mark for the first time.
Commerce Adviser Abdul Razak Dawood said an increase in ICT exports is due to exporters’ efforts. “I assure exporters that the MOC is at their service for any facilitation they need,” the adviser further said.