Prime Minister Shahid Khaqan Abbasi along with other high rank Chinese and Pakistani government officials witnessed signing ceremony of a Memorandum of Understanding (MoU) between Pakistan Stock Exchange (PSX) and China Overseas Ports Holding Company Pakistan (Pvt) Limited (COPHS).
The PSX is the national securities exchange of Pakistan, whereas, the COPHS is an emerging and fast developing Chinese based multinational organization which provides expert marine services, container terminal management and maintenance of port facility services. COPHS works in Pakistan with an aim to develop the one of the most strategically located port of Gwadar into an Economic Hub of Pakistan and will cater for all types of international commercial activities generated from one business to another irrespective of quantity, quantum and magnitude. Gwadar has enormous potential from all angles and dimensions for any kind of business activity, whether known or emerging with ever developing technologies.
The primary purpose of MoU is that PSX will make its best endeavor to help and facilitate the Investors/ businesses/companies in the Gwadar Free Trade Zone so that they can raise funds from the Exchange. The COPHC will extend help to PSX in conducting due diligence on the Investors/businesses in Gwadar Free Zone applying to PSX for listing of equity and debt securities.
Through the MoU, both the companies have mutually agreed to cooperate for listing of equity and debt securities at PSX in response to strategic national priorities of the Government of People's Republic of China and Islamic Republic of Pakistan with respect to "One Belt One Road" initiative in general and "China-Pakistan Economic Corridor (CPEC)" initiative in particular.-PR
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