Chinese investors look to invest in Pakistani stocks
Lahore: Several Chinese investors have expressed their interest to invest USD 2 billion in Pakistan’s financial market – a news source quoted PSX Chairman Sulaiman S Mehdi as saying. Further, he stated that the Pakistani stock industry was offering a dividend yield guarantee of over 6% and issuing shares at cheap rates as compared to other global financial markets.
As per the official, the investment will, however, require regulatory approvals from relevant Chinese authorities for commencement. The PSX chairman also requested the Pakistani government to work closely with its Chinese counterpart on this front.
Moreover, he announced that the Pakistan Stock Exchange (PSX) management had planned to launch an ‘Exchange Traded Fund’ facility next month to provide investment opportunities to local small investors. It will be initiated with 12 companies as a part of the fund.
He also said that the PSX administration had signed a contract with the Shenzhen Stock Exchange for the acquisition of USD 2.85 million trading and surveillance systems to bring the PSX at part with other international stock exchanges.