Sustained development of capital market is a prerequisite for a quantum jump and reinvigoration of the economic and industrial growth in Pakistan, said President Faisalabad Chamber of Commerce and Industry (FCCI) Engineer Muhammad Saeed Sheikh.
He was addressing Pakistan Capital Market Expo-2017 organised by Capital Development Company (CDC) for the awareness of the potential investors here on Friday.
He termed the stock market as a barometer to evaluate the economy of any country. The economic decisions have immediate impact on the stock markets which is indicated by the bullish or bearish impacts (boom & recession). He said that due to the prudent polices of the government, the industrial and economic activities are gaining momentum in the country and in order to meet the financial needs of new and existing business entities, the development of capital market is of prime importance.
He appreciated the management of CDC for holding seminars for the awareness of the investors and said that the organisation of Pakistan Capital Market Expo in Faisalabad is a positive step to sensitise the potential investors and in order to cater to the needs of local industry for its future expansion.
He told that it is very encouraging that CDC is the only share depository company of Pakistan that can run all the shares traded in the stock market under one window. He further told that this expo will provide a profitable opportunity to the business community to invest in the share market and earn reasonable profit from their investment.
"It will also help them to plan for the best possible investment of their available capital", he added. President FCCI also gave a brief resume of FCCI and said that its contribution in the overall economic development of Pakistan is excellent.
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