Int'l organizations acknowledge Pakistan's economic progress: Dar
Shanghai Consortium purchases 40 percent share of Pakistan Stock Exchange.
Pakistan Stock Exchange and Shanghai Consortium of China on Friday signed a 40 percent share purchase agreement in Karachi.
He said Pakistan Stock Exchange has acquired the status of one of the fastest growing stock exchanges in the region. The international organizations have acknowledged the economic progress in Pakistan.
Ishaq Dar said Pakistan Stock Exchange has already crossed 50,000 points for the first time in the country's history, which is a historic achievement.
He said the current foreign exchange reserves of the country are equivalent to five-month imports bill.
Ishaq Dar invited the opposition parties to join hands with the government for strengthening national economy.
Speaking on the occasion, Chinese Ambassador Sun Weidong congratulated Pakistani investors on the agreement and hoped this usher in a new era of stock exchange business in Pakistan.