ISLAMABAD: The British High Commissioner to Pakistan, Mr. Philip Barton CMG OBE met senior management and members of the Islamabad Stock Exchange (ISE) here on Thursday.
Welcomed by Mr. Ayaz Afzal, Managing Director and the Chief Executive Officer, the British High Commissioner had an interactive briefing about the process to consolidate Karachi, Lahore and Islamabad Stock Exchanges to form the Pakistan Stock Exchange, which will facilitate and encourage more international investment.
The High Commissioner also had the opportunity to ring the Islamabad Stock Exchange’s bell, the traditional way in which the opening of trading is signalled.
Sharing his thoughts, Mr. Philip Barton said: I am delighted to visit the Islamabad Stock Exchange. I am very impressed by the thoughts of the management and the members about how they are working closely with the Regulator and the Government to create and promote an investor-friendly regime to attract more local and international investment in Pakistan.
He said promoting business and trade between the UK and Pakistan is at the heart of our bilateral relationship and there are many ways where we can benefit from each other’s expertise by sharing best practice, knowledge and skills to encourage investment.
He said consolidation of stock exchanges in Pakistan is an important step in the country’s long-term economic development and will make Pakistan a more attractive destination for foreign investment. He said he was confident that it will lead to increased investment from the UK.