A delegation from the National Institute of Banking and Finance (NIBAF) visited the Islamabad Stock Exchange (ISE). The delegates comprised trainee bankers from various countries including Bangladesh, Turkey, Nepal, Liberia, Mauritius, Sri Lanka and Afghanistan. Muhammad Waris Niazi, Deputy General Manager ISE introduced ISE and gave a detailed presentation on the functioning of securities market in Pakistan. He explained that after its demutualization on August 27, 2012, the ISE is in search of a strategic investor for sale of 40 percent shares available with it on behalf of members of ISE.
He said that after floatation of further 20 percent shares to public at large, the shareholding of the ISE shall be diversified. He also highlighted the features of proposed Securities Act 2015 and Futures Act 2015.
The delegates also visited the brokerage house of Zahid Latif Khan Securities (Pvt) Limited, Corporate TREC Holder and member of ISE. Zahid Latif Khan, Director ISE and CEO of said brokerage house also gave a brief introduction on working of a brokerage house.-PR
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