Chinese consortium devises strategy to transform PSX

KARACHI: A Chinese consortium, which bought 40% stake in the Pakistan Stock Exchange (PSX) about two years ago and lost almost half of the value to poor market performance, has devised a strategy to transform the bourse into a world-class capital market, which will automatically give a boost to the national economy.

Both the Chinese and Pakistani shareholders came to the conclusion that they should transform the PSX in the next two to three years, “which is the extent of my mandate – two years,” PSX Managing Director Richard Morin said in an interview with The Express Tribune…read more

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