I am immensely pleased to learn about the holding of ninth (9th) Pakistan IPO Summit, 2018 by South Asian Federation of Exchanges SAFE) in partnership with Pakistan Stock Exchange (PSX). The Summit is aimed at assisting the potential IPO companies in learning about how to raise funds from the general public for their future growth strategy, and to enable them to connect with a wide array of financial services and other IPO service providers advisors so that these companies can quickly jump-start their IPO planning process.
Events such as the IPO Summits are crucial in bridging the knowledge gap that exists in our businesses about the IPO framework and methodologies and its overall benefits to the business sector. In the long run, such events benefit our domestic capital market, which will further lead to enhanced economic growth of the country.
The interaction between potential IPO companies and IPO Underwriters, Investment, Bankers, market players, Corporate Governance experts, financial Consultants, regulators and PSX at the IPO Summit, will help in bridging the knowledge gap besides enabling the companies to find suitable professional advisors to help them I'm their quest of becoming publicly listed companies.
The continued endeavor on the part of SAFE since 2011 in the context of holding regular IPO Summits, is really commendable. Similarly, PSX also seems, better off by joining such events being the only exchange to benefit from increased listings in the country.
The SECP will also continue to make efforts of promoting a culture of corporatization and facilitating such companies, which aspire to become listed in the future. SECP believes that more IPOs will create multiple benefits for both our market and national economy besides encouraging a culture of documentation and compliance. More listings shall also create more investable capital generating further economic growth and savings in the country.
The SECPs association with the Summit as the Lead Patron demonstrates our untiring support for the summit's objectives for promoting the cause of listings for the greater good of our market and the economy.
I would urge all the institutions to join hands with SAFE and PSX in future for the success of the IPO campaign in Pakistan. I also hope that the efforts to list more companies, would be complimented by the companies resolve to adopt good corporate governance standards. This will result in a healthier capital market and a stronger economy. At the end, I would like to appreciate the efforts of PSX and SAFE, and other capital market institutions towards holding this Summit. I wish the Summit a complete success.