I sincerely hope this historical landmark achieved by the SECP will attract significant foreign portfolio investment and ensure healthy growth of the country's economy. I am confident that the SECP will gear up its efforts to develop a fairer, more efficient and transparency regulatory framework.
We feel that the government alone cannot improve the situation of the economy. There is a dire need for the corporate sector and the institutions like the SECP to play their role. Making local bourses a major source of capital formation is a major step towards economic sovereignty.
Let us hope that the demutualization will be the start of a new era of equities trading in the country. I also hope that the SECP will continue to uphold high standard of professionalism, commitment and excellence in the development of Pakistan's capital market and growth of the economy.