For and behalf of the Privatization Commission, I welcome the initiative of holding the 6th IPO Summit at Lahore and congratulate everyone associated with the organisation of the Summit especially the Securities and Exchange Commission of Pakistan, South Asian Federation of Exchanges and Pakistan Stock Exchange.
The capital market of Pakistan has grown in its size and importance and has become a vital avenue for providing risk capital to our new and emerging corporations. With the modernisation of legal and regulatory oversight mechanism, and the creation of a single stock exchange in the country, Pakistan is now poised to take full benefit from the potential investment flows following its inclusion in the MSCI Emerging Market Index. In this scenario, the sponsors and the investors of the upcoming listing companies are likely to benefit a lot.
Going public is a cost effective medium to raise capital for businesses that provides a strong impetus for their continuous growth. In Pakistan, the capital market provides an incredible opportunity for economic growth whilst cultivating an investment environment in the country. Accordingly, the emerging companies must take the benefit of our modern, efficient and liquid market to raise funds from our investing community so that our market can play its due part in the economic development of our country. There is a need to create awareness amongst the corporate and business owners about the benefits of IPO and develop a generation of change catalysts for sustainable development of our country. Indeed, the holding of IPO Summit is a step in the right direction, which shall promote the understanding about the IPO process. I congratulate SECP, PSX and SAFE on planning and hosting this much needed event.
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