National Stock Exchange to start operation this year

The National Stock Exchange (NSE) is likely to come on ground within this year.
This was stated by the Chairman of Securities and Exchange Commission of Pakistan (SECP), Dr Tariq Hassan, while talking to APP here on Saturday. "We have given the experts committee four months' time and it started work on February 16," he said.
The SECP chief said that after receipt of recommendations of the committee the stakeholders would be consulted and then these would be implemented.
He said that the whole idea is that the 'closed club' is opened to other investors as well, and they can take part in the exchange.
Tariq said that the capital can then be raised which is required for investment in the IT which plays a very important role in the electronic trading and towards the development of the stock market not only in the national stock market but also in regional stock markets.
The SECP chief said that 'policy board' of the organisation has approved the concept of 'Institute of Corporate Governance'.
He said that a meeting would be arranged with the potential stakeholders, some of whom have been identified, in order to determine the form of the organisation as well as its management structure.
Dr Tariq said that this project, too, would come on ground by the end of this year.
He said the proposed 'Institute' is aimed at bringing in the spirit of professionalism, recognising the difference between the owners and the management and to apprise the directors of their precise role.
The SECP chief said that even the non-listed public and private companies would also be educated and the directors would be trained, "to play their full role" under the corporate law.