CDC out to lure investors from UAE

The Central Depository Company (CDC) of Pakistan Limited will host road shows to promote investment in the Pakistani capital markets at Abu Dhabi and Dubai on September 18 and 20 respectively.

These road shows intend to offer new avenues of investment in one of the region’s best performing stock markets. The events are being held with the support of the Pakistan Business Council of Abu Dhabi.

These events aim at informing and updating potential investors on the economic climate of Pakistan, the various investment options available in the Pakistani stock market and the functions of CDC as an infrastructure service provider to facilitate investment in the capital market. The forum would also address any queries and concerns of the business community of the UAE.

Announcing these events, the CDC management said in a press statement that Pakistan offers unlimited opportunities for international investors in various sectors. Stock markets, being one of the most lucrative avenues of investment with consistent returns over the past few years, have immense potential, which awaits investment. CDC would also sign separate MoUs with the Abu Dhabi Securities Market and the Dubai Financial Markets entailing various aspects of technology exchange, operational procedures and other areas of cooperation.

Foreign investment in Pakistan’s stock market more than doubled to $351.5 million until June this year, from $152.6 million a year earlier, according to the State Bank of Pakistan. More than 85 per cent of that money came from US-based investors.

The sponsors of these road shows include some of the most prominent investment companies of the country.

Source: The News