SMEs advised to get listed on PSX for raising capital

The Islamabad Chamber of Commerce and Industry (ICCI) in collaboration with Pakistan Stock Exchange (PSX) organized an investors and industry awareness program to educate potential investors about the dynamics and workings of the Stock Exchange.

The program sought to educate the business community about the potential opportunities for raising capital from the capital market for business expansion and growth.

It was highlighted that capital market was an important source for mobilizing idle savings from the economy for further investments in the productive channels.

The business community was also apprised of the operational, strategic and regulatory developments taking place at PSX.

Speaking at the occasion, Ahmed Hassan Moughal, President ICCI, said that capital markets were playing crucial role in mobilizing domestic resources for channeling them towards productive activities and stressed that PSX should come up with more attractive packages for SMEs to facilitate their fast development.

He said PSX has developed a specialized SME Board for listing and trading of SMEs shares and it should create maximum awareness about this facility to the SMEs across the country so that they could raise capital from capital market to fund their growth and expansion needs.

He said SMEs were the backbone of the economy and PSX should launch new investment avenues for them so that these business enterprises could raise interest-free capital for achieving better growth.

He said to increase access to equity finance for SMEs, growing number of developing countries were creating specialized equity markets and stressed that PSX should consider on these lines. He said PSX should also help SMEs in documentation matters to facilitate their listing on capital market.