Wednesday, 08 May 2013 00:17
Posted by Imaduddin
LAHORE: The US Consulate Lahore's Economic Officer Ms. Doreen Bailey visited Lahore Stock Exchange to take an insight of Capital Market of Pakistan. The LSE Managing Director and CEO Aftab Ahmad Chaudhry along with his staff shared the structure and performance of the capital market of Pakistan. He appraised her about Pakistan's capital market by sharing the current market capitalization that was reported to be $44 billion contributing to 17 percent of the GDP. Aftab Ahmad Chaudhry observed that a free trade between Pakistan and India that could yield mutual benefits and accelerate towards the economic development on both ends as Pakistan's currency rate was half of the Indian Currency along with other attractive features such as relatively low cost of production and labour available in Pakistan that produced competitive products prices in the international market. While, Pakistan could also benefit from Indian industry particularly the automobile that was far ...