It is heartening to note that Pakistan IPO Summit-2018 is being jointly organized by Pakistan Stock Exchange (PSX) and the South Asian Federation of Exchanges (SAFE) under the lead patronage of the Securities and Exchange Commission of Pakistan (SECP). It is also encouraging to note that the SAFE - an industry platform of the South Asian stock and commodity exchanges, is investing its creative capital to help grow the domestic capital markets of Pakistan. Such efforts, like the IPO Summit campaign - which has entered the eighth year, will go a long way in creating a robust and dynamic culture of mobilizing the risk capital for the financing needs of our companies.
The government of Pakistan Tehreek-e-Insaf, has made it a cornerstone of its policy to support and advance the newer avenues for the mobilization of capital so that our economy can grow. Fund-raising through IPOs is one of the ways that our government shall encourage, for which purpose, we shall bring all necessary changes in the enabling framework. With improved market oversight and supportive mechanism, it shall now be easier for the potential companies to become publicly listed companies in our country. Hence, the Ministry of Finance considers it important to encourage all entities involved in the IPO process to continue their efforts for mobilizing newer companies towards the listing path so that these companies are able to utilize the raised capital in the expansion of their businesses. Similarly, with the listing of newer enterprises, our savers shall also find it productive to invest their savings into productive use instead of relying on fixed income returns. In this way, we all will be able to play a role in the growth of our national economy.
Finally, let me appreciate the sincere efforts put in by all organizers SECP, PSX and SAFE for joining hands in the holding of such a program and wish the summit all the success!